66023 County Road 24NorthomeMN56661
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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 Northome at 66023 County Road 24, Northome, MN, 56661 uses $69,284 cash to close to unlock $1,551/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,441/mo, and a $1,023/mo payment keeps the spread at $129/mo. Purchase price stands at $209,000, and rental yield measures 8.27% with $1,441/mo rent. Return on cash invested shows 22.15% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 115.03% and total cumulative return in cash records $79,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,441/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56661, Northome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 331 (47.9%) |
| Renter Occupied HU | 43 ( 6.2%) |
| Vacant Housing Units | 317 (45.9%) |
| Median Home Value | $207,738 |
| Average Home Value | $261,601 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
334
Multi-Family
10
Businesses
42
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