9696 46th St NESaint MichaelMN55376
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
Rental property for sale in Saint Michael at 9696 46th St NE, Saint Michael, MN, 55376 generates $4,238/mo in rent and, after a $2,748/mo payment, leaves $681/mo in cash flow. Total monthly income is $4,238/mo, and annual cash flow is $8,170/yr on $184,684 invested. Return on cash invested sits at 24.48% in year one, and rental yield is 9.06% on a $561,350 entry. Equity gained on principal adds $3,622/yr, while 5% annual appreciation builds toward $155,091 over five years. Five-year ROI reaches 127.53% and total cumulative return in cash sums $235,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,238/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
$154 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelli A Keith • Robert Thomas Homes, Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6587835
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 21:51:24 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)