101 Park St SMinnesota LakeMN56068
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
Investment property for sale in Minnesota Lake at 101 Park St S, Minnesota Lake, MN, 56068 listed at $129,900 pairs $1,042/mo rent with a $636/mo payment to leave $231/mo cash flow. Total monthly income runs $1,042/mo, and annual cash flow reaches $2,768/yr on $43,062 cash to close. Return on cash invested measures 26.34% in year one, and rental yield registers 9.63% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 137.4% and total cumulative return in cash totals $59,167. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,042/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1923
6,534 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: Megan Sorensen • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6785698