16120 6th St NLakelandMN55043
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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 Lakeland at 16120 6th St N, Lakeland, MN, 55043 earns $243/mo cash flow from $2,647/mo rent with a $1,884/mo payment. Total monthly income totals $2,647/mo, and annual cash flow totals $2,919/yr on $127,628 capital. ROI tracks 22.2% on current figures, and rental yield reads 8.25% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 115.21% and total cumulative return in cash sums $147,034. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,647/mo property income instead of your personal income.
Single Family
Built in 1978
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55043, Lakeland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,296 (84.9%) |
| Renter Occupied HU | 144 ( 9.4%) |
| Vacant Housing Units | 87 ( 5.7%) |
| Median Home Value | $463,103 |
| Average Home Value | $608,632 |
Housing Distribution
Address Breakdown
Residential
1,479
Single Family
1,479
Multi-Family
0
Businesses
132
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