740 Spruce CtPine IslandMN55963
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pine Island at 740 Spruce Ct, Pine Island, MN, 55963 offers $2,597/mo rent that, after a $1,517/mo payment, leaves $662/mo cash flow. Total monthly income is $2,597/mo, and annual cash flow is $7,938/yr on $102,765 cash. Return on cash invested measures 27.63% in year one, and rental yield stands at 10.05% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 144.35% and total cumulative return in cash reaches $148,339. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,597/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
10,454 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Gibson • Larson Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6654174
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