County Road 14Grand MaraisMN55604
Nearby investment properties with comparable rents
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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 Grand Marais at County Road 14, Grand Marais, MN, 55604 uses $82,544 cash to close to unlock $9,202/yr annual cash flow and $767/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,219/mo payment keeps the spread at $767/mo. Purchase price stands at $249,000, and rental yield measures 11.19% with $2,322/mo rent. Return on cash invested shows 31.06% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 162.69% and total cumulative return in cash records $134,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Lot
Built in N/A
44.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55604, Grand Marais, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 1,413 (39.7%) |
| Renter Occupied HU | 428 (12.0%) |
| Vacant Housing Units | 1,718 (48.3%) |
| Median Home Value | $352,639 |
| Average Home Value | $483,783 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,281
Multi-Family
122
Businesses
229
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Listed by: William J. Lannon • Timber Ghost Realty, LLC
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6579660
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