Blackberry Ridge Plan, Rich River EstatesRichmondMN56368
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 Richmond at Blackberry Ridge Plan, Rich River Estates, Richmond, MN, 56368 uses $132,600 cash to close to unlock $11,184/yr annual cash flow and $932/mo monthly cash flow. Total monthly income runs $3,540/mo, and a $1,958/mo payment keeps the spread at $932/mo. Purchase price stands at $400,000, and rental yield measures 10.62% with $3,540/mo rent. Return on cash invested shows 28.34% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 148.49% and total cumulative return in cash records $196,900. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,540/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$110 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56368, Richmond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,441 (100%) |
| Owner Occupied HU | 1,601 (65.6%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 671 (27.5%) |
| Median Home Value | $378,660 |
| Average Home Value | $441,073 |
Housing Distribution
Address Breakdown
Residential
1,624
Single Family
1,604
Multi-Family
20
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices