604 Corey AveColeraineMN55722
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 Coleraine at 604 Corey Ave, Coleraine, MN, 55722 priced at $184,500 converts $1,603/mo rent into $451/mo cash flow after a $903/mo obligation. Total monthly income equals $1,603/mo, and annual cash flow totals $5,411/yr on $61,162 invested. Return on cash invested prints 28.76% in year one, and rental yield reads 10.43% against a $184,500 entry. Equity gained on principal adds $1,191/yr, while 5% annual appreciation compiles into $50,974 by year five. Five-year ROI reaches 150.33% and total cumulative return in cash sums $91,946. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,603/mo property income covering a $903/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55722, Coleraine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 509 (100%) |
| Owner Occupied HU | 387 (76.0%) |
| Renter Occupied HU | 71 (13.9%) |
| Vacant Housing Units | 51 (10.0%) |
| Median Home Value | $246,983 |
| Average Home Value | $318,773 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
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Nearby investment properties with comparable prices
Listed by: Melissa Roberts • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6606351
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