637 Hawk Hill RdKnife RiverMN55609
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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 Knife River at 637 Hawk Hill Rd, Knife River, MN, 55609 priced at $479,900 converts $2,525/mo rent into after a $2,349/mo obligation. Total monthly income equals $2,525/mo. Return on cash invested prints 16.35% in year one, and rental yield reads 6.31% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 83.85% and total cumulative return in cash sums $133,389. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,525/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1999
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55609, Knife River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Listed by: Jarett Mickelson • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls ID: #6122683