Franklin Plan, Parrish Meadows : Colonial Manor CollectionElk RiverMN55330
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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 Elk River at Franklin Plan, Parrish Meadows: Colonial Manor Collection, Elk River, MN, 55330 with 5% annual appreciation on a $348,990 basis while $3,236/mo rent supports operations. Total monthly income totals $3,236/mo and a $1,708/mo payment preserves $1,057/mo for cash returns. Annual cash flow comes to $12,682/yr on $115,690 deployed, and return on cash invested reaches 30.87% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,420 alongside rental yield of 11.13%. Five-year ROI measures 161.68% and total cumulative return in cash totals $187,053.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,236/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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