SW 22nd AveGrand RapidsMN55744
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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 Grand Rapids at SW 22nd Ave, Grand Rapids, MN, 55744 priced at $396,900 converts $1,200/mo rent into after a $1,943/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 8.25% in year one, and rental yield reads 3.63% against a $396,900 entry. Equity gained on principal adds $2,561/yr, while 5% annual appreciation compiles into $109,656 by year five. Five-year ROI reaches 40.39% and total cumulative return in cash sums $53,139. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,943/mo payment, not borrower’s personal income.
Single Family
Built in 2026
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
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Nearby investment properties with comparable prices
Listed by: Brian Johnson • Keller Williams Classic Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002249