7290 Parquet Ave #I78LZ2OtsegoMN55330
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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 Otsego at 7290 Parquet Ave #I78LZ2, Otsego, MN, 55330 uses $142,777 cash to close to unlock $3,751/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $3,002/mo, and a $2,108/mo payment keeps the spread at $313/mo. Purchase price stands at $430,700, and rental yield measures 8.36% with $3,002/mo rent. Return on cash invested shows 22.54% in year one, and 5% annual appreciation builds toward $118,994 over five years. Five-year ROI reaches 117.01% and total cumulative return in cash records $167,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,002/mo property income covering a $2,108/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No 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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