615 Juliet AveClearwaterMN55320
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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 Clearwater at 615 Juliet Ave, Clearwater, MN, 55320 listed at $450,000 pairs $3,355/mo rent with a $2,203/mo payment to leave $545/mo cash flow. Total monthly income runs $3,355/mo, and annual cash flow reaches $6,534/yr on $149,175 cash to close. Return on cash invested measures 24.29% in year one, and rental yield registers 8.95% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 126.41% and total cumulative return in cash totals $188,574. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,355/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55320, Clearwater, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,166 (100%) |
| Owner Occupied HU | 1,705 (78.7%) |
| Renter Occupied HU | 339 (15.7%) |
| Vacant Housing Units | 122 ( 5.6%) |
| Median Home Value | $391,849 |
| Average Home Value | $468,673 |
Housing Distribution
Address Breakdown
Residential
2,089
Single Family
1,874
Multi-Family
215
Businesses
144
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Listed by: Chris P Gemlo • Counselor Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6807848