6802 24th St NSaint CloudMN56303
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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 Saint Cloud at 6802 24th St N, Saint Cloud, MN, 56303 listed at $349,900 pairs $2,538/mo rent with a $1,713/mo payment to leave $353/mo cash flow. Total monthly income runs $2,538/mo, and annual cash flow reaches $4,232/yr on $115,992 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 8.7% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 122.49% and total cumulative return in cash totals $142,074. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,538/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56303, Saint Cloud, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,843 (100%) |
| Owner Occupied HU | 7,277 (56.7%) |
| Renter Occupied HU | 4,998 (38.9%) |
| Vacant Housing Units | 568 ( 4.4%) |
| Median Home Value | $267,591 |
| Average Home Value | $314,287 |
Housing Distribution
Address Breakdown
Residential
12,151
Single Family
8,900
Multi-Family
3,251
Businesses
536
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Listed by: Roger U. Schleper • Premier Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6784871