10928 E Lake Ida LnLake ParkMN56554
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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
Rental property for sale in Lake Park at 10928 E Lake Ida Ln, Lake Park, MN, 56554 generates $2,928/mo in rent, after a $5,873/mo payment. Total monthly income is $2,928/mo. Return on cash invested sits at 6.28% in year one, and rental yield is 2.93% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 29.73% and total cumulative return in cash sums $115,583. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,928/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56554, Lake Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,061 (56.0%) |
| Renter Occupied HU | 161 ( 8.5%) |
| Vacant Housing Units | 671 (35.4%) |
| Median Home Value | $424,745 |
| Average Home Value | $451,025 |
Housing Distribution
Address Breakdown
Residential
1,199
Single Family
1,158
Multi-Family
41
Businesses
61
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