902 NE 2nd AveGrand RapidsMN55744
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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 Grand Rapids at 902 NE 2nd Ave, Grand Rapids, MN, 55744 generates $1,318/mo in rent and, after a $857/mo payment, leaves $225/mo in cash flow. Total monthly income is $1,318/mo, and annual cash flow is $2,697/yr on $58,013 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.04% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 127.85% and total cumulative return in cash sums $74,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,318/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
9,583 sqft 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
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Listed by: TODD STONE • MN DIRECT PROPERTIES
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003289