11160 Ottertail Point Dr NWCass LakeMN56633
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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 Cass Lake at 11160 Ottertail Point Dr NW, Cass Lake, MN, 56633 generates $3,589/mo in rent, after a $3,254/mo payment. Total monthly income is $3,589/mo. Return on cash invested sits at 16.97% in year one, and rental yield is 6.48% on a $664,900 entry. Equity gained on principal adds $4,290/yr, while 5% annual appreciation builds toward $183,700 over five years. Five-year ROI reaches 87.15% and total cumulative return in cash sums $190,644. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,589/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
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