Springfield Plan, Boulder HeightsElko New MarketMN55020
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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 Elko New Market at Springfield Plan, Boulder Heights, Elko New Market, MN, 55020 earns $244/mo cash flow from $3,454/mo rent with a $2,516/mo payment. Total monthly income totals $3,454/mo, and annual cash flow totals $2,929/yr on $169,103 capital. ROI tracks 21.79% on current figures, and rental yield reads 8.06% at a $513,990 purchase. Equity gained on principal adds $3,317/yr, and 5% annual appreciation supports $142,006 over five years. Five-year ROI reaches 113.01% and total cumulative return in cash sums $191,108. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,454/mo property income instead of your personal income.
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 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
87
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A