680 8th StClearwaterMN55320
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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 Clearwater at 680 8th St, Clearwater, MN, 55320 generates $1,609/mo in rent, after a $1,566/mo payment. Total monthly income is $1,609/mo. Return on cash invested sits at 15.51% in year one, and rental yield is 6.04% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 79.35% and total cumulative return in cash sums $84,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,609/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55320, Clearwater, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,166 (100%) |
| Owner Occupied HU | 1,705 (78.7%) |
| Renter Occupied HU | 339 (15.7%) |
| Vacant Housing Units | 122 ( 5.6%) |
| Median Home Value | $391,849 |
| Average Home Value | $468,673 |
Housing Distribution
Address Breakdown
Residential
2,089
Single Family
1,874
Multi-Family
215
Businesses
144
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Listed by: Kathy Tadych • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794012