1632 Rivercrest Rd 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 1632 Rivercrest Rd N, Lakeland, MN, 55043 offers a 5.09% rental yield on a $525,000 purchase with $2,227/mo rent. 75% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 64.53% and total cumulative return in cash at $111,465. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,227/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
1.15 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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