10484 56th Pl N, Lake Elmo, MN, 55042 | 3.42% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lake Elmo at 10484 56th Pl N, Lake Elmo, MN, 55042 generates $3,991/mo in rent, after a $6,852/mo payment. Total monthly income is $3,991/mo. Return on cash invested sits at 7.8% in year one, and rental yield is 3.42% on a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 37.89% and total cumulative return in cash sums $171,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,991/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

1.17 Acres lot

$N/A/sqft

No HOA