1247 N 10th StLake CityMN55041
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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 Lake City at 1247 N 10th St, Lake City, MN, 55041 uses $105,251 cash to close to unlock $2,693/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $2,207/mo, and a $1,554/mo payment keeps the spread at $224/mo. Purchase price stands at $317,500, and rental yield measures 8.34% with $2,207/mo rent. Return on cash invested shows 22.47% in year one, and 5% annual appreciation builds toward $87,719 over five years. Five-year ROI reaches 116.66% and total cumulative return in cash records $122,782. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,207/mo property income covering a $1,554/mo payment rather than investor’s personal income.
Townhouse
Built in 2015
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
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