8809 Iron Junction RdIronMN55751
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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 Iron at 8809 Iron Junction Rd, Iron, MN, 55751 priced at $279,900 converts $2,498/mo rent into $750/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,498/mo, and annual cash flow totals $9,002/yr on $92,787 invested. Return on cash invested prints 29.61% in year one, and rental yield reads 10.71% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 154.99% and total cumulative return in cash sums $143,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,498/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1963
3.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55751, Iron, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 558 (82.4%) |
| Renter Occupied HU | 40 ( 5.9%) |
| Vacant Housing Units | 79 (11.7%) |
| Median Home Value | $246,809 |
| Average Home Value | $271,313 |
Housing Distribution
Address Breakdown
Residential
625
Single Family
625
Multi-Family
0
Businesses
19
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Listed by: Nicole Culbert-Dahl • Culbert Realty
Mls Name: Range AOR
Mls ID: #147071
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.