7817 Carnel CtKimballMN55353
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 Kimball at 7817 Carnel Ct, Kimball, MN, 55353 priced at $275,000 converts $1,649/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,649/mo. Return on cash invested prints 19.01% in year one, and rental yield reads 7.2% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 98.09% and total cumulative return in cash sums $89,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,649/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1949
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55353, Kimball, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,482 (100%) |
| Owner Occupied HU | 1,133 (76.5%) |
| Renter Occupied HU | 172 (11.6%) |
| Vacant Housing Units | 177 (11.9%) |
| Median Home Value | $419,382 |
| Average Home Value | $489,689 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,119
Multi-Family
16
Businesses
79
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Nearby investment properties with comparable prices
Listed by: Neil Theisen • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6703651
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