1113 2nd AveHoward LakeMN55349
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
Investment Highlights
Rental property for sale in Howard Lake at 1113 2nd Ave, Howard Lake, MN, 55349 generates $2,351/mo in rent and, after a $1,394/mo payment, leaves $572/mo in cash flow. Total monthly income is $2,351/mo, and annual cash flow is $6,869/yr on $94,444 invested. Return on cash invested sits at 27.18% in year one, and rental yield is 9.9% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 141.94% and total cumulative return in cash sums $134,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,351/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55349, Howard Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,366 (75.1%) |
| Renter Occupied HU | 327 (18.0%) |
| Vacant Housing Units | 127 ( 7.0%) |
| Median Home Value | $426,106 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
1,253
Single Family
1,109
Multi-Family
144
Businesses
100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle C Hanson • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6824420