Jefferson Plan, Parrish Meadows : Colonial Patriot CollectionElk RiverMN55330
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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 Elk River at Jefferson Plan, Parrish Meadows: Colonial Patriot Collection, Elk River, MN, 55330 at $384,990 posts ROI 28.84% with $950/mo cash flow from $3,354/mo rent. Total monthly income equals $3,354/mo, and annual cash flow records $11,403/yr on $127,624 to close. Return on cash invested measures 28.84% and rental yield reads 10.45% at the current $384,990. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,366 by year five. Five-year ROI prints 150.85% and total cumulative return in cash totals $192,523.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,354/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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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