101 7th St SMountain LakeMN56159
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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 Mountain Lake at 101 7th St S, Mountain Lake, MN, 56159 offers a 9.13% rental yield on a $149,900 purchase with $1,140/mo rent. Total monthly income registers $1,140/mo, and a $734/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,444/yr on $49,692 to close, and return on cash invested stands at 24.83% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 129.31% and total cumulative return in cash at $64,259. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 20
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56159, Mountain Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 749 (68.0%) |
| Renter Occupied HU | 257 (23.3%) |
| Vacant Housing Units | 96 ( 8.7%) |
| Median Home Value | $188,508 |
| Average Home Value | $241,876 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
861
Multi-Family
95
Businesses
85
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Listed by: Mark Johnson • First Realty Of St. James
Mls Name: RASM
Mls ID: #7038258