15 Creekside DrLong LakeMN55356
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.88% yield at 15 Creekside Dr, Long Lake, MN, 55356 in Long Lake is solid, but the $4,384/mo payment compresses net cash flow to $153/mo at $975,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $269,375 by year five, and $8,980/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.46) without U.S. income documentation. Total projected return: $380,477.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.0% |
| Monthly Cash Flow | $153 | $400 |
City averages based on Long Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,404 |
| Total Monthly Debt Service | $5,864 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55356, Long Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,401 (100%) |
| Owner Occupied HU | 1,816 (75.6%) |
| Renter Occupied HU | 403 (16.8%) |
| Vacant Housing Units | 182 ( 7.6%) |
| Median Home Value | $821,163 |
| Average Home Value | $955,650 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,164
Multi-Family
254
Businesses
277
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
Single Family
Built in 1978
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55356, Long Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,401 (100%) |
| Owner Occupied HU | 1,816 (75.6%) |
| Renter Occupied HU | 403 (16.8%) |
| Vacant Housing Units | 182 ( 7.6%) |
| Median Home Value | $821,163 |
| Average Home Value | $955,650 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,164
Multi-Family
254
Businesses
277
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices