16418 Elm Creek Ln #4027LakevilleMN55044
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 16418 Elm Creek Ln #4027, Lakeville, MN, 55044 in Lakeville: $2,610/mo in rent, $801/mo net, 10.81% gross yield, all on a $289,750 acquisition. The 2.00 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $80,053 in value, and $2,669/yr in principal paydown steadily builds equity. Projected total cumulative return: $161,458.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.8% |
| Monthly Cash Flow | $801 | $420 |
City averages based on Lakeville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,610 |
| Total Monthly Debt Service | $1,694 |
| DSCR Ratio | 1.54x |
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.
Townhouse
Built in 2007
N/A lot
$N/A/sqft
No HOA
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
Townhouse
Built in 2007
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices