716 Park Ave N LOT 3Park RapidsMN56470
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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 Park Rapids at 716 Park Ave N LOT 3, Park Rapids, MN, 56470 priced at $539,900 pairs $2,412/mo rent with after a $2,643/mo payment. Total monthly income equals $2,412/mo. Return on cash invested is 13.58% in year one, and rental yield stands at 5.36% on a $539,900 basis. Equity gained on principal adds $3,484/yr, and 5% annual appreciation accumulates to $149,164 by year five. Five-year ROI measures 68.94% and total cumulative return in cash reaches $122,455. For financing, Ziffy Mortgage’s DSCR program evaluates $2,412/mo property income against a $2,643/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56470, Park Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,740 (100%) |
| Owner Occupied HU | 3,454 (44.6%) |
| Renter Occupied HU | 1,309 (16.9%) |
| Vacant Housing Units | 2,977 (38.5%) |
| Median Home Value | $326,377 |
| Average Home Value | $407,613 |
Housing Distribution
Address Breakdown
Residential
5,787
Single Family
5,077
Multi-Family
710
Businesses
542
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Listed by: Justin G Clack • Keller Williams Realty Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6786011