1033 Harvest WayLake CityMN55041
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 Lake City at 1033 Harvest Way, Lake City, MN, 55041 earns from $2,423/mo rent with a $1,908/mo payment. Total monthly income totals $2,423/mo. ROI tracks 18.64% on current figures, and rental yield reads 7.46% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 96.55% and total cumulative return in cash sums $124,789. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,423/mo property income instead of your personal income.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
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Nearby investment properties with comparable prices
Listed by: Philip Stmartin • Elcor Realty of Rochester Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6584019
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-15 08:41:18 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)