10412 Lakeside DrFinlaysonMN55735
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 10412 Lakeside Dr, Finlayson, MN, 55735 in Finlayson. Rental yield 6.59%. The 1.22 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $104,711 and $3,491/yr in principal reduction project total return of $125,522.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 7.5% |
| Monthly Cash Flow | $(285) | $550 |
City averages based on Finlayson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,082 |
| Total Monthly Debt Service | $2,216 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2004
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55735, Finlayson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,561 (100%) |
| Owner Occupied HU | 757 (48.5%) |
| Renter Occupied HU | 97 ( 6.2%) |
| Vacant Housing Units | 707 (45.3%) |
| Median Home Value | $274,053 |
| Average Home Value | $303,015 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
804
Multi-Family
11
Businesses
38
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
Manufactured
Built in 2004
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55735, Finlayson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,561 (100%) |
| Owner Occupied HU | 757 (48.5%) |
| Renter Occupied HU | 97 ( 6.2%) |
| Vacant Housing Units | 707 (45.3%) |
| Median Home Value | $274,053 |
| Average Home Value | $303,015 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
804
Multi-Family
11
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alissia Kreger • LPT Realty, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119333
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.