677 County Road 60Grand MaraisMN55604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grand Marais at 677 County Road 60, Grand Marais, MN, 55604 generates $3,281/mo in rent, after a $3,279/mo payment. Total monthly income is $3,281/mo. Return on cash invested sits at 15.15% in year one, and rental yield is 5.88% on a $669,900 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation builds toward $185,081 over five years. Five-year ROI reaches 77.35% and total cumulative return in cash sums $170,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,281/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
11.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55604, Grand Marais, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 1,413 (39.7%) |
| Renter Occupied HU | 428 (12.0%) |
| Vacant Housing Units | 1,718 (48.3%) |
| Median Home Value | $352,639 |
| Average Home Value | $483,783 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,281
Multi-Family
122
Businesses
229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Riley Lind • eXp Realty, LLC- MN
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119959
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.