7663 Highway 29MeadowlandsMN55765
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
Investment property for sale in Meadowlands at 7663 Highway 29, Meadowlands, MN, 55765 offers a 8.83% rental yield on a $374,900 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,835/mo payment leaves $419/mo available for distribution. Annual cash flow reaches $5,027/yr on $124,279 to close, and return on cash invested stands at 23.95% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,578 over five years. Portfolio math shows five-year ROI at 124.6% and total cumulative return in cash at $154,855. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55765, Meadowlands, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 442 (100%) |
| Owner Occupied HU | 306 (69.2%) |
| Renter Occupied HU | 44 ( 10.0%) |
| Vacant Housing Units | 92 (20.8%) |
| Median Home Value | $251,389 |
| Average Home Value | $367,475 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
291
Multi-Family
9
Businesses
17
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Listed by: Nicholas Johnson • 218 Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794579