608 Summit Ave SSauk RapidsMN56379
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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 Sauk Rapids at 608 Summit Ave S, Sauk Rapids, MN, 56379 priced at $244,900 pairs $2,011/mo rent with $481/mo cash flow after a $1,199/mo payment. Total monthly income equals $2,011/mo, and annual cash flow comes to $5,777/yr on $81,184 invested. Return on cash invested is 27.02% in year one, and rental yield stands at 9.85% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 141.11% and total cumulative return in cash reaches $114,557. For financing, Ziffy Mortgage’s DSCR program evaluates $2,011/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56379, Sauk Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,419 (100%) |
| Owner Occupied HU | 4,689 (63.2%) |
| Renter Occupied HU | 2,464 (33.2%) |
| Vacant Housing Units | 266 ( 3.6%) |
| Median Home Value | $279,100 |
| Average Home Value | $326,065 |
Housing Distribution
Address Breakdown
Residential
7,381
Single Family
5,551
Multi-Family
1,830
Businesses
493
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Listed by: Nancy J Gohman • Clearwater Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6783734