16 Cimarron #16, Lake Elmo, MN, 55042 | $222/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
448 sft

1300 Powderhorn Ter APT 28, Minneapolis, MN, 55407

1 Bed
1 Bath
602 sft

2616 Harriet Ave APT 303, Minneapolis, MN, 55408

1 Bed
1 Bath
727 sft

2670 Oxford St N APT 230, Roseville, MN, 55113

1 Bed
1 Bath
665 sft

433 7th St S #1609, Minneapolis, MN, 55415

Nearby investment properties with comparable prices

1 Bed
1 Bath
700 sft

135 Viking Dr E APT 206, Little Canada, MN, 55117

1 Bed
1 Bath
671 sft

4014 15th Ave S APT 8B, Minneapolis, MN, 55407

1 Bed
1 Bath
685 sft

66 9th St #1806, Saint Paul, MN, 55101

2 Bed
1 Bath
1017 sft

1181 Edgcumbe Rd APT 202, Saint Paul, MN, 55105

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lake Elmo at 16 Cimarron #16, Lake Elmo, MN, 55042 offers a 9.35% rental yield on a $143,800 purchase with $1,120/mo rent. Total monthly income registers $1,120/mo, and a $704/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,662/yr on $47,670 to close, and return on cash invested stands at 25.49% in year one. Equity gained on principal adds $928/yr while 5% annual appreciation supports $39,729 over five years. Portfolio math shows five-year ROI at 132.87% and total cumulative return in cash at $63,339. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,120/mo property income against a $704/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2026

N/A lot

$N/A/sqft

No HOA