700 Washington StClevelandMN56017
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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 Cleveland at 700 Washington St, Cleveland, MN, 56017 priced at $174,900 converts $1,379/mo rent into $287/mo cash flow after a $856/mo obligation. Total monthly income equals $1,379/mo, and annual cash flow totals $3,443/yr on $57,979 invested. Return on cash invested prints 25.85% in year one, and rental yield reads 9.46% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 134.74% and total cumulative return in cash sums $78,120. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,379/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1921
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56017, Cleveland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 965 (100%) |
| Owner Occupied HU | 675 (69.9%) |
| Renter Occupied HU | 60 ( 6.2%) |
| Vacant Housing Units | 230 (23.8%) |
| Median Home Value | $328,125 |
| Average Home Value | $400,296 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
27
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