822 NW 3rd AveGrand RapidsMN55744
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 Grand Rapids at 822 NW 3rd Ave, Grand Rapids, MN, 55744 at $215,000 posts ROI 28.36% with $502/mo cash flow from $1,844/mo rent. Total monthly income equals $1,844/mo, and annual cash flow records $6,021/yr on $71,273 to close. Return on cash invested measures 28.36% and rental yield reads 10.29% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 148.22% and total cumulative return in cash totals $105,637.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,844/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Broten-Piskel • MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6653460
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