10196 48th St SEClear LakeMN55319
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 Clear Lake at 10196 48th St SE, Clear Lake, MN, 55319 listed at $900,000 pairs $2,964/mo rent with a $4,405/mo payment. Total monthly income runs $2,964/mo. Return on cash invested measures 9.3% in year one, and rental yield registers 3.95% at a $900,000 basis. Equity gained on principal adds $5,808/yr, and annual property appreciation at 5% supports $248,653 by year five. Five-year ROI tracks 45.96% and total cumulative return in cash totals $136,092. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,964/mo property income relative to a $4,405/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1996
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55319, Clear Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,369 (100%) |
| Owner Occupied HU | 1,993 (84.1%) |
| Renter Occupied HU | 114 ( 4.8%) |
| Vacant Housing Units | 262 (11.1%) |
| Median Home Value | $384,697 |
| Average Home Value | $436,509 |
Housing Distribution
Address Breakdown
Residential
2,061
Single Family
2,044
Multi-Family
17
Businesses
61
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Nearby investment properties with comparable prices
Listed by: Madison Hope Molitor • Keller Williams Classic Rlty NW
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6583219
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