Lewis Plan, Boulder Heights, Elko New Market, MN, 55020 | $138/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elko New Market at Lewis Plan, Boulder Heights, Elko New Market, MN, 55020 listed at $530,990 pairs $3,454/mo rent with a $2,599/mo payment to leave $138/mo cash flow. Total monthly income runs $3,454/mo, and annual cash flow reaches $1,658/yr on $174,696 cash to close. Return on cash invested measures 21.01% in year one, and rental yield registers 7.81% at a $530,990 basis. Equity gained on principal adds $3,426/yr, and annual property appreciation at 5% supports $146,703 by year five. Five-year ROI tracks 108.81% and total cumulative return in cash totals $190,085. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,454/mo property income relative to a $2,599/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 55020, Elko, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,500 (100%)
Owner Occupied HU	1,409 (93.9%)
Renter Occupied HU	65 ( 4.3%)
Vacant Housing Units	26 ( 1.7%)
Median Home Value	$469,749
Average Home Value	$515,727