7290 Parquet Ave #JIKYJEOtsegoMN55330
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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 7290 Parquet Ave #JIKYJE, Otsego, MN, 55330 offers $2,936/mo rent that, after a $1,954/mo payment, leaves $443/mo cash flow. Total monthly income is $2,936/mo, and annual cash flow is $5,317/yr on $132,335 cash. Return on cash invested measures 23.93% in year one, and rental yield stands at 8.83% at a $399,200 entry. Equity gained on principal adds $2,576/yr while 5% annual appreciation compounds into $110,292 by year five. Five-year ROI records 124.49% and total cumulative return in cash reaches $164,741. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,936/mo property income versus a $1,954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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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