1578 N Lake Miltona Dr NEMiltonaMN56354
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 Miltona at 1578 N Lake Miltona Dr NE, Miltona, MN, 56354 generates $2,318/mo in rent and, after a $1,810/mo payment, leaves $9/mo in cash flow. Total monthly income is $2,318/mo, and annual cash flow is $104/yr on $122,622 invested. Return on cash invested sits at 19.99% in year one, and rental yield is 7.52% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 103.37% and total cumulative return in cash sums $126,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,318/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56354, Miltona, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 591 (49.0%) |
| Renter Occupied HU | 71 ( 5.9%) |
| Vacant Housing Units | 545 (45.2%) |
| Median Home Value | $491,284 |
| Average Home Value | $534,615 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices