5741 Highway 53RayMN56669
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ray at 5741 Highway 53, Ray, MN, 56669 generates $2,018/mo in rent and, after a $1,272/mo payment, leaves $395/mo in cash flow. Total monthly income is $2,018/mo, and annual cash flow is $4,742/yr on $86,157 invested. Return on cash invested sits at 25.41% in year one, and rental yield is 9.32% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 132.48% and total cumulative return in cash sums $114,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,018/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56669, Ray, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 120 (34.9%) |
| Renter Occupied HU | 25 ( 7.3%) |
| Vacant Housing Units | 199 (57.8%) |
| Median Home Value | $235,294 |
| Average Home Value | $281,708 |
Housing Distribution
Address Breakdown
Residential
186
Single Family
186
Multi-Family
0
Businesses
8
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Listed by: Raymond Ingebretsen • Re/Max Lake Country
Mls Name: Range AOR
Mls ID: #147191
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.