1641 Kenabec StBig LakeMN55309
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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
Rental property for sale in Big Lake at 1641 Kenabec St, Big Lake, MN, 55309 generates $3,126/mo in rent and, after a $1,950/mo payment, leaves $638/mo in cash flow. Total monthly income is $3,126/mo, and annual cash flow is $7,656/yr on $132,103 invested. Return on cash invested sits at 25.7% in year one, and rental yield is 9.41% on a $398,500 entry. Equity gained on principal adds $2,571/yr, while 5% annual appreciation builds toward $110,098 over five years. Five-year ROI reaches 134.02% and total cumulative return in cash sums $177,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,126/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55309, Big Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 6,483 (80.4%) |
| Renter Occupied HU | 1,017 (12.6%) |
| Vacant Housing Units | 564 ( 7.0%) |
| Median Home Value | $353,012 |
| Average Home Value | $388,552 |
Housing Distribution
Address Breakdown
Residential
7,870
Single Family
6,967
Multi-Family
903
Businesses
391
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