624 Jones StEvelethMN55734
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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 Eveleth at 624 Jones St, Eveleth, MN, 55734 offers $2,280/mo rent that, after a $631/mo payment, leaves $1,475/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $17,698/yr on $42,764 cash. Return on cash invested measures 61.3% in year one, and rental yield stands at 21.21% at a $129,000 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,640 by year five. Five-year ROI records 324.84% and total cumulative return in cash reaches $138,913. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55734, Eveleth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,304 (100%) |
| Owner Occupied HU | 2,114 (64.0%) |
| Renter Occupied HU | 628 (19.0%) |
| Vacant Housing Units | 562 (17.0%) |
| Median Home Value | $261,885 |
| Average Home Value | $293,444 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,630
Multi-Family
276
Businesses
146
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Listed by: Jessica Mesich • Culbert Realty
Mls Name: Range AOR
Mls ID: #147384
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.