106 Pelican Bay RdLake Sarah TownshipMN56132
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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
Investment Highlights
Total monthly income runs $4,129/mo, and a $3,597/mo payment. Purchase price stands at $735,000, and rental yield measures 6.74% with $4,129/mo rent. Return on cash invested shows 17.78% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 91.44% and total cumulative return in cash records $221,124. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,129/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.74 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56132, Garvin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 276 (100%) |
| Owner Occupied HU | 165 (59.8%) |
| Renter Occupied HU | 15 ( 5.4%) |
| Vacant Housing Units | 96 (34.8%) |
| Median Home Value | $363,043 |
| Average Home Value | $402,045 |
Housing Distribution
Address Breakdown
Residential
263
Single Family
263
Multi-Family
0
Businesses
9
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Listed by: Brenda Johnson • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6803003