16293 60th Ave NW #29Cass LakeMN56633
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 16293 60th Ave NW #29, Cass Lake, MN, 56633 in Cass Lake is straightforward: $156,000 in, $1,197/mo in rent, $223/mo out after debt service. The 9.21% gross yield and 1.71 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $43,100 by year five. With $1,437/yr in principal equity, the total cumulative return is projected at $73,594.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.2% |
| Monthly Cash Flow | $223 | $350 |
City averages based on Cass Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,197 |
| Total Monthly Debt Service | $912 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
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
Manufactured
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices