162 Foothill BlvdLutsenMN55612
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 162 Foothill Blvd, Lutsen, MN, 55612 in Lutsen. Rental yield 4.7%. At $479,000 with 4.7% gross yield, current distributions are modest, but the 5% appreciation rate projects $132,339 in new equity by year five, complemented by $4,412/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.87) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $110,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 6.0% |
| Monthly Cash Flow | $(1,113) | $1,200 |
City averages based on Lutsen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,878 |
| Total Monthly Debt Service | $2,801 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
2.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55612, Lutsen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 728 (100%) |
| Owner Occupied HU | 204 (28.0%) |
| Renter Occupied HU | 43 ( 5.9%) |
| Vacant Housing Units | 481 (66.1%) |
| Median Home Value | $420,455 |
| Average Home Value | $442,169 |
Housing Distribution
Address Breakdown
Residential
93
Single Family
93
Multi-Family
0
Businesses
42
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
Single Family
Built in 2000
2.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55612, Lutsen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 728 (100%) |
| Owner Occupied HU | 204 (28.0%) |
| Renter Occupied HU | 43 ( 5.9%) |
| Vacant Housing Units | 481 (66.1%) |
| Median Home Value | $420,455 |
| Average Home Value | $442,169 |
Housing Distribution
Address Breakdown
Residential
93
Single Family
93
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices