97 Donovan DrGrand 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
Investment property for sale in Grand Rapids at 97 Donovan Dr, Grand Rapids, MN, 55744 with 5% annual appreciation on a $274,900 basis while $2,318/mo rent supports operations. Total monthly income totals $2,318/mo and a $1,346/mo payment preserves $602/mo for cash returns. Annual cash flow comes to $7,223/yr on $91,129 deployed, and return on cash invested reaches 27.83% in year one. Equity gained on principal adds $1,774/yr, and five-year appreciation sums $75,950 alongside rental yield of 10.12%. Five-year ROI measures 145.41% and total cumulative return in cash totals $132,507.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,318/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.32 Acres 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: #6785768