1328 4th AveHoward LakeMN55349
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 Howard Lake at 1328 4th Ave, Howard Lake, MN, 55349 uses $92,787 cash to close to unlock $10,222/yr annual cash flow and $852/mo monthly cash flow. Total monthly income runs $2,623/mo, and a $1,370/mo payment keeps the spread at $852/mo. Purchase price stands at $279,900, and rental yield measures 11.25% with $2,623/mo rent. Return on cash invested shows 30.93% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 162.1% and total cumulative return in cash records $150,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,623/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55349, Howard Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,366 (75.1%) |
| Renter Occupied HU | 327 (18.0%) |
| Vacant Housing Units | 127 ( 7.0%) |
| Median Home Value | $426,106 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
1,253
Single Family
1,109
Multi-Family
144
Businesses
100
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Listed by: Kelli Burau • Keller Williams Integrity NW
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6647621
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