6559 Highway 29FloodwoodMN55736
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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 Floodwood at 6559 Highway 29, Floodwood, MN, 55736 uses $77,571 cash to close to unlock $1,861/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $1,616/mo, and a $1,145/mo payment keeps the spread at $155/mo. Purchase price stands at $234,000, and rental yield measures 8.29% with $1,616/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 115.84% and total cumulative return in cash records $89,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,616/mo property income covering a $1,145/mo payment rather than investor’s personal income.
Single Family
Built in 2009
51.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55736, Floodwood, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 494 (53.6%) |
| Renter Occupied HU | 121 (13.1%) |
| Vacant Housing Units | 306 (33.2%) |
| Median Home Value | $275,949 |
| Average Home Value | $320,233 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
54
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