7213 Parquet Ave NEOtsegoMN55330
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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 Otsego at 7213 Parquet Ave NE, Otsego, MN, 55330 priced at $436,990 converts $2,082/mo rent into after a $2,139/mo obligation. Total monthly income equals $2,082/mo. Return on cash invested prints 14.14% in year one, and rental yield reads 5.72% against a $436,990 entry. Equity gained on principal adds $2,820/yr, while 5% annual appreciation compiles into $120,732 by year five. Five-year ROI reaches 72.13% and total cumulative return in cash sums $104,485. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,082/mo property income covering a $2,139/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.21 sqft lot
$N/A/sqft
$149 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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Nearby investment properties with comparable prices
Listed by: Chay A. Barrett • M/I Homes
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6613490
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