1060 Greer Ave NWMaple LakeMN55358
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 Maple Lake at 1060 Greer Ave NW, Maple Lake, MN, 55358 priced at $329,900 converts $2,882/mo rent into $822/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,882/mo, and annual cash flow totals $9,860/yr on $109,362 invested. Return on cash invested prints 28.92% in year one, and rental yield reads 10.48% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 151.26% and total cumulative return in cash sums $165,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,882/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55358, Maple Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,545 (100%) |
| Owner Occupied HU | 1,838 (72.2%) |
| Renter Occupied HU | 261 (10.3%) |
| Vacant Housing Units | 446 (17.5%) |
| Median Home Value | $405,629 |
| Average Home Value | $467,451 |
Housing Distribution
Address Breakdown
Residential
2,062
Single Family
1,968
Multi-Family
94
Businesses
141
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Listed by: Kris Lindahl • Kris Lindahl Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6752238