617 Broadway NCarverMN55315
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 Carver at 617 Broadway N, Carver, MN, 55315 generates $2,412/mo in rent and, after a $1,419/mo payment, leaves $602/mo in cash flow. Total monthly income is $2,412/mo, and annual cash flow is $7,218/yr on $96,135 invested. Return on cash invested sits at 27.42% in year one, and rental yield is 9.98% on a $289,999 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,121 over five years. Five-year ROI reaches 143.19% and total cumulative return in cash sums $137,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,412/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55315, Carver, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,658 (100%) |
| Owner Occupied HU | 2,391 (90.0%) |
| Renter Occupied HU | 202 ( 7.6%) |
| Vacant Housing Units | 65 ( 2.4%) |
| Median Home Value | $461,738 |
| Average Home Value | $528,900 |
Housing Distribution
Address Breakdown
Residential
2,596
Single Family
2,462
Multi-Family
134
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices