124 Foothill BlvdLutsenMN55612
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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
Total monthly income runs $2,804/mo, and a $6,015/mo payment. Purchase price stands at $1,229,000, and rental yield measures 2.74% with $2,804/mo rent. Return on cash invested shows 5.69% in year one, and 5% annual appreciation builds toward $339,550 over five years. Five-year ROI reaches 26.58% and total cumulative return in cash records $105,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,804/mo property income covering a $6,015/mo payment rather than investor’s personal income.
Single Family
Built in 2004
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55612, Lutsen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 728 (100%) |
| Owner Occupied HU | 204 (28.0%) |
| Renter Occupied HU | 43 ( 5.9%) |
| Vacant Housing Units | 481 (66.1%) |
| Median Home Value | $420,455 |
| Average Home Value | $442,169 |
Housing Distribution
Address Breakdown
Residential
93
Single Family
93
Multi-Family
0
Businesses
42
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