101 Park St NMinnesota LakeMN56068
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $145,000, 101 Park St N, Minnesota Lake, MN, 56068 in Minnesota Lake generates $946/mo in rent (7.83% yield) but nets only $40/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.45) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $40,061. Total projected return: $57,670.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.0% |
| Monthly Cash Flow | $40 | $450 |
City averages based on Minnesota Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $946 |
| Total Monthly Debt Service | $848 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56068, Minnesota Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 356 (74.0%) |
| Renter Occupied HU | 84 (17.5%) |
| Vacant Housing Units | 41 ( 8.5%) |
| Median Home Value | $197,917 |
| Average Home Value | $257,381 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
23
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
Multi Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56068, Minnesota Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 356 (74.0%) |
| Renter Occupied HU | 84 (17.5%) |
| Vacant Housing Units | 41 ( 8.5%) |
| Median Home Value | $197,917 |
| Average Home Value | $257,381 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Greiner • True Real Estate
Mls Name: RASM
Mls ID: #7039111