980 Pleasant Ave NEAkeleyMN56433
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
Investment property for sale in Akeley at 980 Pleasant Ave NE, Akeley, MN, 56433 at $459,900 posts ROI 12.43% with from $1,922/mo rent. Total monthly income equals $1,922/mo. Return on cash invested measures 12.43% and rental yield reads 5.02% at the current $459,900. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 by year five. Five-year ROI prints 62.85% and total cumulative return in cash totals $95,814. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,922/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
9.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56433, Akeley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 753 (51.7%) |
| Renter Occupied HU | 139 ( 9.5%) |
| Vacant Housing Units | 564 (38.7%) |
| Median Home Value | $349,662 |
| Average Home Value | $401,059 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
709
Multi-Family
20
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Hauser • Bill Hansen Realty/Walker
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6561593
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 16:16:41 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)