7604 E 250th StElko New MarketMN55020
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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 Elko New Market at 7604 E 250th St, Elko New Market, MN, 55020 offers a 2.47% rental yield on a $1,537,000 purchase with $3,167/mo rent. 87% in year one. Equity gained on principal adds $9,918/yr while 5% annual appreciation supports $424,645 over five years. Portfolio math shows five-year ROI at 22.2% and total cumulative return in cash at $110,532. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,167/mo property income against a $7,523/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
9.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55020, Elko, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,500 (100%) |
| Owner Occupied HU | 1,409 (93.9%) |
| Renter Occupied HU | 65 ( 4.3%) |
| Vacant Housing Units | 26 ( 1.7%) |
| Median Home Value | $469,749 |
| Average Home Value | $515,727 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
87
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Listed by: Melissa L Gootee • Exit Realty Nexus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794606