1590 Stone Lake Bridge RdBrimsonMN55602
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
Investment property for sale in Brimson at 1590 Stone Lake Bridge Rd, Brimson, MN, 55602 offers a 6.02% rental yield on a $219,900 purchase with $1,104/mo rent. 48% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 79.25% and total cumulative return in cash at $57,772. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,104/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55602, Brimson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 434 (100%) |
| Owner Occupied HU | 121 (27.9%) |
| Renter Occupied HU | 7 ( 1.6%) |
| Vacant Housing Units | 306 (70.5%) |
| Median Home Value | $354,348 |
| Average Home Value | $411,818 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
5
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Nearby investment properties with comparable prices
Listed by: Sue Bott • RE/MAX Professionals - Two Harbors
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6121125
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.