11216 State Highway 27Sturgeon LakeMN55783
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
Investment property for sale in Sturgeon Lake at 11216 State Highway 27, Sturgeon Lake, MN, 55783 uses $41,438 cash to close to unlock $4,551/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,160/mo, and a $612/mo payment keeps the spread at $379/mo. Purchase price stands at $125,000, and rental yield measures 11.14% with $1,160/mo rent. Return on cash invested shows 30.89% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 161.92% and total cumulative return in cash records $67,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,160/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
3.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55783, Sturgeon Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,910 (100%) |
| Owner Occupied HU | 958 (50.2%) |
| Renter Occupied HU | 140 ( 7.3%) |
| Vacant Housing Units | 812 (42.5%) |
| Median Home Value | $289,179 |
| Average Home Value | $338,800 |
Housing Distribution
Address Breakdown
Residential
1,062
Single Family
1,062
Multi-Family
0
Businesses
45
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Listed by: Sheldon W. Johnson • NextHome Perrine & Associates Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6722643
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