6141 Quin Ave NEOtsegoMN55330
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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
Investment property for sale in Otsego at 6141 Quin Ave NE, Otsego, MN, 55330 with 5% annual appreciation on a $425,000 basis while $3,186/mo rent supports operations. Total monthly income totals $3,186/mo and a $2,080/mo payment preserves $357/mo for cash returns. Annual cash flow comes to $4,287/yr on $140,888 deployed, and return on cash invested reaches 22.95% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 9%. Five-year ROI measures 119.79% and total cumulative return in cash totals $168,773.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,186/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2022
7,405 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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Listed by: Sue Norling • Keller Williams Classic Rlty NW
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6720501
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