970 Portland Ave #970VillardMN56385
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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 Villard at 970 Portland Ave #970, Villard, MN, 56385 uses $51,383 cash to close to unlock $201/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $1,160/mo, and a $759/mo payment keeps the spread at $17/mo. Purchase price stands at $155,000, and rental yield measures 8.98% with $1,160/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 106.53% and total cumulative return in cash records $54,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,160/mo property income covering a $759/mo payment rather than investor’s personal income.
Townhouse
Built in 2001
0.23 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56385, Villard, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 583 (100%) |
| Owner Occupied HU | 341 (58.5%) |
| Renter Occupied HU | 41 ( 7.0%) |
| Vacant Housing Units | 201 (34.5%) |
| Median Home Value | $333,553 |
| Average Home Value | $413,556 |
Housing Distribution
Address Breakdown
Residential
397
Single Family
397
Multi-Family
0
Businesses
33
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Listed by: Anthony Carlson • Realty ONE Group Choice
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6547308
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 13:46:35 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)