7290 Parquet Ave #VSYGZXOtsegoMN55330
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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 #VSYGZX, Otsego, MN, 55330 priced at $419,300 pairs $3,085/mo rent with $467/mo cash flow after a $2,052/mo payment. Total monthly income equals $3,085/mo, and annual cash flow comes to $5,603/yr on $138,998 invested. Return on cash invested is 23.94% in year one, and rental yield stands at 8.83% on a $419,300 basis. Equity gained on principal adds $2,706/yr, and 5% annual appreciation accumulates to $115,845 by year five. Five-year ROI measures 124.52% and total cumulative return in cash reaches $173,079. For financing, Ziffy Mortgage’s DSCR program evaluates $3,085/mo property income against a $2,052/mo payment instead of your W2s, 1099s, or 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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