1469 Sherman Lake RdLino LakesMN55038
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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 Lino Lakes at 1469 Sherman Lake Rd, Lino Lakes, MN, 55038 offers a 8.84% rental yield on a $675,000 purchase with $4,973/mo rent. Total monthly income registers $4,973/mo, and a $3,304/mo payment leaves $758/mo available for distribution. Annual cash flow reaches $9,093/yr on $222,075 to close, and return on cash invested stands at 24.15% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 125.65% and total cumulative return in cash at $279,039. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,973/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55038, Hugo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,055 (100%) |
| Owner Occupied HU | 8,931 (88.8%) |
| Renter Occupied HU | 868 ( 8.6%) |
| Vacant Housing Units | 256 ( 2.5%) |
| Median Home Value | $484,067 |
| Average Home Value | $520,211 |
Housing Distribution
Address Breakdown
Residential
9,910
Single Family
9,782
Multi-Family
128
Businesses
380
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Listed by: Todd M Anderson • River Town Realty of MN, INC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6730654