9565 Andrew AveElko New MarketMN55020
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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 Elko New Market at 9565 Andrew Ave, Elko New Market, MN, 55020 uses $138,202 cash to close to unlock $10,202/yr annual cash flow and $850/mo monthly cash flow. Total monthly income runs $3,454/mo, and a $2,041/mo payment keeps the spread at $850/mo. Purchase price stands at $416,900, and rental yield measures 9.94% with $3,454/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $115,182 over five years. Five-year ROI reaches 142.53% and total cumulative return in cash records $196,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,454/mo property income covering a $2,041/mo payment rather than investor’s personal income.
Single Family
Built in 2025
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55020, Elko, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,500 (100%) |
| Owner Occupied HU | 1,409 (93.9%) |
| Renter Occupied HU | 65 ( 4.3%) |
| Vacant Housing Units | 26 ( 1.7%) |
| Median Home Value | $469,749 |
| Average Home Value | $515,727 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
87
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Listed by: Daniel K Schmitt • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008489