15 Creekside DrLong LakeMN55356
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
Rental property for sale in Long Lake at 15 Creekside Dr, Long Lake, MN, 55356 generates $6,404/mo in rent and, after a $4,772/mo payment, leaves $152/mo in cash flow. Total monthly income is $6,404/mo, and annual cash flow is $1,829/yr on $320,775 invested. Return on cash invested sits at 20.63% in year one, and rental yield is 7.88% on a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 106.97% and total cumulative return in cash sums $343,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,404/mo property income rather than buyer’s personal income.
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
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Nearby investment properties with comparable prices
Listed by: Michelle L Skott Morgan • Coldwell Banker Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6613610
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