1073 Harvest WayLake CityMN55041
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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
Investment property for sale in Lake City at 1073 Harvest Way, Lake City, MN, 55041 with 5% annual appreciation on a $459,000 basis while $3,185/mo rent supports operations. Total monthly income totals $3,185/mo and a $2,247/mo payment preserves $318/mo for cash returns. Annual cash flow comes to $3,820/yr on $152,159 deployed, and return on cash invested reaches 22.42% in year one. Equity gained on principal adds $2,962/yr, and five-year appreciation sums $126,813 alongside rental yield of 8.33%. Five-year ROI measures 116.39% and total cumulative return in cash totals $177,095.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,185/mo property income versus a $2,247/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.29 Acres lot
$N/A/sqft
No 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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