5845 Rivers Edge DrSaint CloudMN56303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Saint Cloud at 5845 Rivers Edge Dr, Saint Cloud, MN, 56303 offers $2,218/mo rent that, after a $2,422/mo payment. Total monthly income is $2,218/mo. Return on cash invested measures 13.53% in year one, and rental yield stands at 5.38% at a $494,900 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,732 by year five. Five-year ROI records 68.7% and total cumulative return in cash reaches $112,707. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,218/mo property income versus a $2,422/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56303, Saint Cloud, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,843 (100%) |
| Owner Occupied HU | 7,277 (56.7%) |
| Renter Occupied HU | 4,998 (38.9%) |
| Vacant Housing Units | 568 ( 4.4%) |
| Median Home Value | $267,591 |
| Average Home Value | $314,287 |
Housing Distribution
Address Breakdown
Residential
12,151
Single Family
8,900
Multi-Family
3,251
Businesses
536
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Nearby investment properties with comparable prices
Listed by: Marty Czech • Premier Real Estate Services
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6480092
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