Richmond Plan, Riverview PreserveMichaelMN55376
Nearby investment properties with comparable rents
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
Rental property for sale in Michael at Richmond Plan, Riverview Preserve, Michael, MN, 55376 priced at $504,990 converts $3,970/mo rent into $816/mo cash flow after a $2,472/mo obligation. Total monthly income equals $3,970/mo, and annual cash flow totals $9,795/yr on $166,142 invested. Return on cash invested prints 25.96% in year one, and rental yield reads 9.43% against a $504,990 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation compiles into $139,519 by year five. Five-year ROI reaches 135.33% and total cumulative return in cash sums $224,846. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,970/mo property income covering a $2,472/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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