10970 37th St NLake ElmoMN55042
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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 Elmo at 10970 37th St N, Lake Elmo, MN, 55042 generates $3,660/mo in rent and, after a $2,579/mo payment, leaves $170/mo in cash flow. Total monthly income is $3,660/mo, and annual cash flow is $2,037/yr on $173,342 invested. Return on cash invested sits at 21.24% in year one, and rental yield is 8.34% on a $526,875 entry. Equity gained on principal adds $3,400/yr, while 5% annual appreciation builds toward $145,566 over five years. Five-year ROI reaches 110.5% and total cumulative return in cash sums $191,541. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,660/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
$200 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Thomas A Griffith • Robert Thomas Homes, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6698235
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