12421 24th St N, Lake Elmo, MN, 55042 | $720/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
4364 sft

2206 Paris Ave N, Stillwater, MN, 55082

4 Bed
4 Bath
4582 sft

7 Bayhill Rd, Dellwood, MN, 55110

3 Bed
3 Bath
3466 sft

8413 Marylane Ave N, Stillwater, MN, 55082

5 Bed
4 Bath
3493 sft

Sutherland Plan, Adelaide Landing, Hugo, MN, 55038

Nearby investment properties with comparable prices

5 Bed
4 Bath
3911 sft

10451 Blackmoor Rd, Woodbury, MN, 55129

4 Bed
3 Bath
2326 sft

3611 Edgerton St, Saint Paul, MN, 55127

5 Bed
4 Bath
3702 sft

13722 Arrowhead Way, Rosemount, MN, 55068

4 Bed
3 Bath
4800 sft

1115 S Trappers Xing, Lino Lakes, MN, 55038

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lake Elmo at 12421 24th St N, Lake Elmo, MN, 55042 offers a 8.49% rental yield on a $869,900 purchase with $6,152/mo rent. Total monthly income registers $6,152/mo, and a $4,258/mo payment leaves $720/mo available for distribution. Annual cash flow reaches $8,636/yr on $286,197 to close, and return on cash invested stands at 23.08% in year one. Equity gained on principal adds $5,613/yr while 5% annual appreciation supports $240,337 over five years. Portfolio math shows five-year ROI at 119.87% and total cumulative return in cash at $343,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,152/mo property income against a $4,258/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

2.75 Acres lot

$N/A/sqft

No HOA