6779 Riverside DrFinlandMN55603
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
Investment property for sale in Finland at 6779 Riverside Dr, Finland, MN, 55603 with 5% annual appreciation on a $189,900 basis while $1,304/mo rent supports operations. Total monthly income totals $1,304/mo and a $929/mo payment preserves $119/mo for cash returns. Annual cash flow comes to $1,424/yr on $62,952 deployed, and return on cash invested reaches 22.17% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 8.24%. Five-year ROI measures 115.07% and total cumulative return in cash totals $72,437.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,304/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55603, Finland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 455 (100%) |
| Owner Occupied HU | 249 (54.7%) |
| Renter Occupied HU | 11 ( 2.4%) |
| Vacant Housing Units | 195 (42.9%) |
| Median Home Value | $357,273 |
| Average Home Value | $436,064 |
Housing Distribution
Address Breakdown
Residential
165
Single Family
165
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jarett Mickelson • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118227
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.