9727 Saint Andrews DrElko New MarketMN55020
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 9727 Saint Andrews Dr, Elko New Market, MN, 55020 in Elko New Market. At $309,900 it earns $2,532/mo in rent and distributes $597/mo to the owner after the $1,394/mo payment, a consistent 9.8% yield. DSCR 1.82 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $85,620 in value; $2,854/yr in principal paydown compounds ownership stake. Total projected return: $155,979.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.5% |
| Monthly Cash Flow | $597 | $1,250 |
City averages based on Elko New Market market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,532 |
| Total Monthly Debt Service | $1,812 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2006
1,742 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
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
Townhouse
Built in 2006
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Craig Kanis • Prandium Group Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6783331