128 Bridge Run Ln BUILDING BLutsenMN55612
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lutsen at 128 Bridge Run Ln BUILDING B, Lutsen, MN, 55612 at $249,900 posts ROI 24.51% with $318/mo cash flow from $1,878/mo rent. Total monthly income equals $1,878/mo, and annual cash flow records $3,812/yr on $82,842 to close. Return on cash invested measures 24.51% and rental yield reads 9.02% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 127.61% and total cumulative return in cash totals $105,710.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,878/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1982
3,049 sqft 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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