586 County Road 18WrenshallMN55797
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
Investment property for sale in Wrenshall at 586 County Road 18, Wrenshall, MN, 55797 offers a 17.4% rental yield on a $149,950 purchase with $2,174/mo rent. Total monthly income registers $2,174/mo, and a $734/mo payment leaves $1,219/mo available for distribution. Annual cash flow reaches $14,630/yr on $49,708 to close, and return on cash invested stands at 49.34% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,428 over five years. Portfolio math shows five-year ROI at 260.99% and total cumulative return in cash at $129,734. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,174/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55797, Wrenshall, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 685 (100%) |
| Owner Occupied HU | 557 (81.3%) |
| Renter Occupied HU | 93 (13.6%) |
| Vacant Housing Units | 35 ( 5.1%) |
| Median Home Value | $254,657 |
| Average Home Value | $276,140 |
Housing Distribution
Address Breakdown
Residential
570
Single Family
570
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Pflugshaupt • Gallery of Homes
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116470
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.