1111 W Lake AveWorthingtonMN56187
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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
Total monthly income runs $1,608/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 5.94% with $1,608/mo rent. Return on cash invested shows 15.21% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 77.76% and total cumulative return in cash records $83,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,608/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1978
1,916 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56187, Worthington, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,198 (100%) |
| Owner Occupied HU | 3,088 (59.4%) |
| Renter Occupied HU | 1,780 (34.2%) |
| Vacant Housing Units | 330 ( 6.3%) |
| Median Home Value | $213,663 |
| Average Home Value | $246,895 |
Housing Distribution
Address Breakdown
Residential
5,313
Single Family
4,417
Multi-Family
896
Businesses
514
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Listed by: Genny McCuen • Re/Max Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7000095