103 E Lake StOsakisMN56360
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 Osakis at 103 E Lake St, Osakis, MN, 56360 priced at $449,000 pairs $1,344/mo rent with after a $2,198/mo payment. Total monthly income equals $1,344/mo. Return on cash invested is 8.14% in year one, and rental yield stands at 3.59% on a $449,000 basis. Equity gained on principal adds $2,897/yr, and 5% annual appreciation accumulates to $124,050 by year five. Five-year ROI measures 39.78% and total cumulative return in cash reaches $59,212. For financing, Ziffy Mortgage’s DSCR program evaluates $1,344/mo property income against a $2,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56360, Osakis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,701 (100%) |
| Owner Occupied HU | 1,453 (53.8%) |
| Renter Occupied HU | 315 (11.7%) |
| Vacant Housing Units | 933 (34.5%) |
| Median Home Value | $307,944 |
| Average Home Value | $348,918 |
Housing Distribution
Address Breakdown
Residential
1,725
Single Family
1,610
Multi-Family
115
Businesses
98
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Nearby investment properties with comparable prices
Listed by: Julie L Rambow • Randy Fischer Real Estate, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6688086
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