1021 Mountain Lake RdMount LakeMN56159
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
Rental property for sale in Mount Lake at 1021 Mountain Lake Rd, Mount Lake, MN, 56159 priced at $225,900 pairs $2,117/mo rent with $606/mo cash flow after a $1,106/mo payment. Total monthly income equals $2,117/mo, and annual cash flow comes to $7,266/yr on $74,886 invested. Return on cash invested is 29.61% in year one, and rental yield stands at 11.25% on a $225,900 basis. Equity gained on principal adds $1,458/yr, and 5% annual appreciation accumulates to $62,412 by year five. Five-year ROI measures 155.55% and total cumulative return in cash reaches $116,487. For financing, Ziffy Mortgage’s DSCR program evaluates $2,117/mo property income against a $1,106/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.92 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dana Kass • EXIT Realty - Great Plains
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6773938
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