10980 38th Ct NLake ElmoMN55042
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 10980 38th Ct N, Lake Elmo, MN, 55042 in Lake Elmo. Rental yield 7.81%. The 1.45 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $169,913 and $5,664/yr in principal reduction project total return of $233,150.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 8.0% |
| Monthly Cash Flow | $(15) | $450 |
City averages based on Lake Elmo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,002 |
| Total Monthly Debt Service | $3,773 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2019
9,147 sqft lot
$N/A/sqft
$177 monthly HOA
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
Single Family
Built in 2019
9,147 sqft lot
$N/A/sqft
$177 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices