1459 Stone Lake Bridge RdBrimsonMN55602
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 Brimson at 1459 Stone Lake Bridge Rd, Brimson, MN, 55602 uses $49,062 cash to close to unlock $2,798/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,157/mo, and a $724/mo payment keeps the spread at $233/mo. Purchase price stands at $148,000, and rental yield measures 9.38% with $1,157/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 133.57% and total cumulative return in cash records $65,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,157/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55602, Brimson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 434 (100%) |
| Owner Occupied HU | 121 (27.9%) |
| Renter Occupied HU | 7 ( 1.6%) |
| Vacant Housing Units | 306 (70.5%) |
| Median Home Value | $354,348 |
| Average Home Value | $411,818 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
5
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Nearby investment properties with comparable prices
Listed by: Jarett Mickelson • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120415
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.