7030 Hwy 61 EGrand PortageMN55605
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 7030 Hwy 61 E, Grand Portage, MN, 55605 in Grand Portage the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $939,900 price is below income-first thresholds, but 5%/yr value growth projects $259,677 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 5.2% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Grand Portage market data in our database. Property projections are estimates.
Single Family
Built in 1978
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55605, Grand Portage, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 325 (100%) |
| Owner Occupied HU | 213 (65.5%) |
| Renter Occupied HU | 51 (15.7%) |
| Vacant Housing Units | 61 (18.8%) |
| Median Home Value | $382,292 |
| Average Home Value | $432,782 |
Housing Distribution
Address Breakdown
Residential
29
Single Family
29
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Lake Superior Area Realtors as distributed by MLS GRID
Mls Provider:
Mls ID: #6127990
