917 3rd CtClevelandMN56017
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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 Cleveland at 917 3rd Ct, Cleveland, MN, 56017 uses $104,389 cash to close to unlock $9,107/yr annual cash flow and $759/mo monthly cash flow. Total monthly income runs $2,725/mo, and a $1,541/mo payment keeps the spread at $759/mo. Purchase price stands at $314,900, and rental yield measures 10.38% with $2,725/mo rent. Return on cash invested shows 28.63% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 149.68% and total cumulative return in cash records $156,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,725/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56017, Cleveland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 965 (100%) |
| Owner Occupied HU | 675 (69.9%) |
| Renter Occupied HU | 60 ( 6.2%) |
| Vacant Housing Units | 230 (23.8%) |
| Median Home Value | $328,125 |
| Average Home Value | $400,296 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
27
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