70507 Highway 61Reads LandingMN55968
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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 Reads Landing at 70507 Highway 61, Reads Landing, MN, 55968 generates $1,344/mo in rent and, after a $689/mo payment, leaves $465/mo in cash flow. Total monthly income is $1,344/mo, and annual cash flow is $5,579/yr on $46,675 invested. Return on cash invested sits at 31.86% in year one, and rental yield is 11.45% on a $140,800 entry. Equity gained on principal adds $909/yr, while 5% annual appreciation builds toward $38,900 over five years. Five-year ROI reaches 167% and total cumulative return in cash sums $77,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,344/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55968, Reads Landing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 60 (100%) |
| Owner Occupied HU | 46 (76.7%) |
| Renter Occupied HU | 7 (11.7%) |
| Vacant Housing Units | 7 (11.7%) |
| Median Home Value | $293,750 |
| Average Home Value | $307,120 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
0
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Listed by: N/A • N/A
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