615 3rd Ave NSauk RapidsMN56379
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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 Sauk Rapids at 615 3rd Ave N, Sauk Rapids, MN, 56379 listed at $273,800 pairs $2,423/mo rent with a $1,340/mo payment to leave $645/mo cash flow. Total monthly income runs $2,423/mo, and annual cash flow reaches $7,736/yr on $90,765 cash to close. Return on cash invested measures 28.43% in year one, and rental yield registers 10.62% at a $273,800 basis. Equity gained on principal adds $1,767/yr, and annual property appreciation at 5% supports $75,646 by year five. Five-year ROI tracks 148.95% and total cumulative return in cash totals $135,198. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,423/mo property income relative to a $1,340/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
7,500 sqft 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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