L3 B2 238th Ave NWElk 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
Rental property for sale in Elk River at L3 B2 238th Ave NW, Elk River, MN, 55330 generates $3,856/mo in rent, after a $3,743/mo payment. Total monthly income is $3,856/mo. Return on cash invested sits at 15.68% in year one, and rental yield is 6.05% on a $764,819 entry. Equity gained on principal adds $4,935/yr, while 5% annual appreciation builds toward $211,305 over five years. Five-year ROI reaches 80.18% and total cumulative return in cash sums $201,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,856/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
3.27 Acres 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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