13586 Island Lake Rd WLengbyMN56651
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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 Lengby at 13586 Island Lake Rd W, Lengby, MN, 56651 generates $1,140/mo in rent, after a $2,296/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 6.1% in year one, and rental yield is 2.92% on a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 28.86% and total cumulative return in cash sums $44,863. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56651, Lengby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 370 (100%) |
| Owner Occupied HU | 161 (43.5%) |
| Renter Occupied HU | 36 ( 9.7%) |
| Vacant Housing Units | 173 (46.8%) |
| Median Home Value | $269,000 |
| Average Home Value | $278,432 |
Housing Distribution
Address Breakdown
Residential
332
Single Family
332
Multi-Family
0
Businesses
12
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