706 7th Ave NWClara CityMN56222
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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 Clara City at 706 7th Ave NW, Clara City, MN, 56222 generates $0/mo in rent, after a $1,322/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.7% in year one, and rental yield is 0% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.32 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56222, Clara City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 570 (67.9%) |
| Renter Occupied HU | 172 (20.5%) |
| Vacant Housing Units | 98 (11.7%) |
| Median Home Value | $204,091 |
| Average Home Value | $227,978 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
331
Multi-Family
86
Businesses
64
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No similar rental properties found nearby.
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Listed by: Kristi Jo Block • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6777511