135 Bridge Run Ln BUILDING BLutsenMN55612
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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 Lutsen at 135 Bridge Run Ln BUILDING B, Lutsen, MN, 55612 with 5% annual appreciation on a $299,900 basis while $1,878/mo rent supports operations. Total monthly income totals $1,878/mo and a $1,468/mo payment preserves $5/mo for cash returns. Annual cash flow comes to $62/yr on $99,417 deployed, and return on cash invested reaches 19.97% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 7.51%. Five-year ROI measures 103.29% and total cumulative return in cash totals $102,688.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,878/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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