8649 Independence DrChisago CityMN55013
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 Chisago City at 8649 Independence Dr, Chisago City, MN, 55013 listed at $484,900 pairs $2,557/mo rent with a $2,373/mo payment. Total monthly income runs $2,557/mo. Return on cash invested measures 16.4% in year one, and rental yield registers 6.33% at a $484,900 basis. Equity gained on principal adds $3,129/yr, and annual property appreciation at 5% supports $133,969 by year five. Five-year ROI tracks 84.08% and total cumulative return in cash totals $135,151. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,557/mo property income relative to a $2,373/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55013, Chisago City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,205 (100%) |
| Owner Occupied HU | 2,448 (76.4%) |
| Renter Occupied HU | 544 (17.0%) |
| Vacant Housing Units | 213 ( 6.6%) |
| Median Home Value | $425,854 |
| Average Home Value | $505,499 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,672
Multi-Family
228
Businesses
174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Berner • Realty Executives Top Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6817881