620 Ranchwood DrBird IslandMN55310
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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
Rental property for sale in Bird Island at 620 Ranchwood Dr, Bird Island, MN, 55310 priced at $175,000 pairs $1,580/mo rent with $487/mo cash flow after a $857/mo payment. Total monthly income equals $1,580/mo, and annual cash flow comes to $5,841/yr on $58,013 invested. Return on cash invested is 29.98% in year one, and rental yield stands at 10.83% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 156.93% and total cumulative return in cash reaches $91,039. For financing, Ziffy Mortgage’s DSCR program evaluates $1,580/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55310, Bird Island, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 709 (100%) |
| Owner Occupied HU | 540 (76.2%) |
| Renter Occupied HU | 95 (13.4%) |
| Vacant Housing Units | 74 (10.4%) |
| Median Home Value | $216,667 |
| Average Home Value | $254,940 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
396
Multi-Family
18
Businesses
62
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Listed by: Eric A Newman • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6767609