12240 Lake St SEMentorMN56736
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play12240 Lake St SE, Mentor, MN, 56736 in Mentor is priced for appreciation, not yield. Rental yield 3.62%. At $595,000 with a 3.62% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $164,388 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.67) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $102,154.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.6% | 6.0% |
| Monthly Cash Flow | $(1,921) | $800 |
City averages based on Mentor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,794 |
| Total Monthly Debt Service | $3,479 |
| DSCR Ratio | 0.52x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56736, Mentor, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 364 (38.3%) |
| Renter Occupied HU | 52 ( 5.5%) |
| Vacant Housing Units | 534 (56.2%) |
| Median Home Value | $352,500 |
| Average Home Value | $409,457 |
Housing Distribution
Address Breakdown
Residential
515
Single Family
507
Multi-Family
8
Businesses
22
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
Single Family
Built in 1970
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56736, Mentor, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 364 (38.3%) |
| Renter Occupied HU | 52 ( 5.5%) |
| Vacant Housing Units | 534 (56.2%) |
| Median Home Value | $352,500 |
| Average Home Value | $409,457 |
Housing Distribution
Address Breakdown
Residential
515
Single Family
507
Multi-Family
8
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kylie N Simmons • Dakota Home
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-128
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.