124B Bridge Run Ln #BTofteMN55615
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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
Rental property for sale in Tofte at 124B Bridge Run Ln #B, Tofte, MN, 55615 priced at $289,000 pairs $2,069/mo rent with after a $1,415/mo payment. Total monthly income equals $2,069/mo. Return on cash invested is 11.97% in year one, and rental yield stands at 8.59% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 64.38% and total cumulative return in cash reaches $61,682. For financing, Ziffy Mortgage’s DSCR program evaluates $2,069/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1982
3,049 sqft lot
$N/A/sqft
$898 monthly HOA
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Listed by: Lisa Michalski • Edina Realty, Inc. - Duluth
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118114
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.