1491 Palmer Dr N #D4E7S5, Lake Elmo, MN, 55042 | 7.3% Rental Yield

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lake Elmo at 1491 Palmer Dr N #D4E7S5, Lake Elmo, MN, 55042 generates $3,980/mo in rent, after a $3,200/mo payment. Total monthly income is $3,980/mo. Return on cash invested sits at 19.49% in year one, and rental yield is 7.3% on a $653,800 entry. Equity gained on principal adds $4,219/yr, while 5% annual appreciation builds toward $180,633 over five years. Five-year ROI reaches 100.63% and total cumulative return in cash sums $216,451. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,980/mo property income rather than buyer’s personal income.

Single Family

Built in 2023

N/A lot

$N/A/sqft

No HOA