99 Lindstrom Ave EGrove CityMN56243
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 Grove City at 99 Lindstrom Ave E, Grove City, MN, 56243 priced at $249,900 converts $1,074/mo rent into after a $1,223/mo obligation. Total monthly income equals $1,074/mo. Return on cash invested prints 12.86% in year one, and rental yield reads 5.16% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 65.14% and total cumulative return in cash sums $53,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 2023
2.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56243, Grove City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 487 (68.2%) |
| Renter Occupied HU | 145 (20.3%) |
| Vacant Housing Units | 82 (11.5%) |
| Median Home Value | $280,814 |
| Average Home Value | $342,490 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
564
Multi-Family
34
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey R Campbell • CENTURY 21 Atwood
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6615328
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