12424 Horse Shoe LnPine CityMN55063
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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 Pine City at 12424 Horse Shoe Ln, Pine City, MN, 55063 offers a 4.43% rental yield on a $330,000 purchase with $1,219/mo rent. 68% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 53.44% and total cumulative return in cash at $58,463. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,219/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
3.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55063, Pine City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,878 (100%) |
| Owner Occupied HU | 3,157 (64.7%) |
| Renter Occupied HU | 856 (17.5%) |
| Vacant Housing Units | 865 (17.7%) |
| Median Home Value | $285,815 |
| Average Home Value | $320,475 |
Housing Distribution
Address Breakdown
Residential
4,386
Single Family
4,086
Multi-Family
300
Businesses
292
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Listed by: Kris Lindahl • Kris Lindahl Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117873
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 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.