11828 Leander RdCookMN55723
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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
Investment property for sale in Cook at 11828 Leander Rd, Cook, MN, 55723 listed at $385,000 pairs $0/mo rent with a $1,884/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.69% in year one, and rental yield registers 0% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
33.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55723, Cook, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,349 (100%) |
| Owner Occupied HU | 944 (40.2%) |
| Renter Occupied HU | 134 ( 5.7%) |
| Vacant Housing Units | 1,271 (54.1%) |
| Median Home Value | $340,909 |
| Average Home Value | $403,183 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,019
Multi-Family
75
Businesses
135
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Mark Fabish • RE/MAX Lake Country
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115161
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.