7946 Pine DrEvelethMN55734
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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 Eveleth at 7946 Pine Dr, Eveleth, MN, 55734 priced at $565,000 converts $3,390/mo rent into after a $2,765/mo obligation. Total monthly income equals $3,390/mo. Return on cash invested prints 19.17% in year one, and rental yield reads 7.2% against a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation compiles into $156,099 by year five. Five-year ROI reaches 98.94% and total cumulative return in cash sums $183,915. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,390/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55734, Eveleth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,304 (100%) |
| Owner Occupied HU | 2,114 (64.0%) |
| Renter Occupied HU | 628 (19.0%) |
| Vacant Housing Units | 562 (17.0%) |
| Median Home Value | $261,885 |
| Average Home Value | $293,444 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,630
Multi-Family
276
Businesses
146
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Listed by: Brenda Skelton • Ahrens Thompson Realty, Inc
Mls Name: Range AOR
Mls ID: #147432
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.