8016 Lander Ave NE #KN1VZIElk RiverMN55330
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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 Elk River at 8016 Lander Ave NE #KN1VZI, Elk River, MN, 55330 listed at $441,300 pairs $3,328/mo rent with a $2,160/mo payment to leave $572/mo cash flow. Total monthly income runs $3,328/mo, and annual cash flow reaches $6,867/yr on $146,291 cash to close. Return on cash invested measures 24.6% in year one, and rental yield registers 9.05% at a $441,300 basis. Equity gained on principal adds $2,848/yr, and annual property appreciation at 5% supports $121,923 by year five. Five-year ROI tracks 128.1% and total cumulative return in cash totals $187,402. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,328/mo property income relative to a $2,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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