71 Murphy DrGrand MaraisMN55604
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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 Grand Marais at 71 Murphy Dr, Grand Marais, MN, 55604 earns from $1,026/mo rent with a $1,953/mo payment. Total monthly income totals $1,026/mo. ROI tracks 6.61% on current figures, and rental yield reads 3.09% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 31.63% and total cumulative return in cash sums $41,834. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,026/mo property income instead of your personal income.
Single Family
Built in 2025
5.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55604, Grand Marais, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 1,413 (39.7%) |
| Renter Occupied HU | 428 (12.0%) |
| Vacant Housing Units | 1,718 (48.3%) |
| Median Home Value | $352,639 |
| Average Home Value | $483,783 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,281
Multi-Family
122
Businesses
229
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Listed by: Jessica Smith • Red Pine Realty
Mls Name: Lake Superior Area Realtors
Mls ID: #6123088