720 3rd Ave NSauk RapidsMN56379
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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 Sauk Rapids at 720 3rd Ave N, Sauk Rapids, MN, 56379 generates $1,920/mo in rent and, after a $1,223/mo payment, leaves $360/mo in cash flow. Total monthly income is $1,920/mo, and annual cash flow is $4,316/yr on $82,842 invested. Return on cash invested sits at 25.12% in year one, and rental yield is 9.22% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 130.86% and total cumulative return in cash sums $108,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56379, Sauk Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,419 (100%) |
| Owner Occupied HU | 4,689 (63.2%) |
| Renter Occupied HU | 2,464 (33.2%) |
| Vacant Housing Units | 266 ( 3.6%) |
| Median Home Value | $279,100 |
| Average Home Value | $326,065 |
Housing Distribution
Address Breakdown
Residential
7,381
Single Family
5,551
Multi-Family
1,830
Businesses
493
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Listed by: Brendan Mooney • Your Next Place Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004326