17575 Saylers Lake View RdLake ParkMN56554
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 17575 Saylers Lake View Rd, Lake Park, MN, 56554 in Lake Park worth modelling. At $515,000 with a 7.54% gross yield, the $3,235/mo rent leaves $19/mo after the $2,316/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.40 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $142,285 by year five; $4,743/yr in principal reduction adds further equity. Total projected return: $196,617.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.5% |
| Monthly Cash Flow | $19 | $350 |
City averages based on Lake Park market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,235 |
| Total Monthly Debt Service | $3,011 |
| DSCR Ratio | 1.07x |
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.
Single Family
Built in 2021
2.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56554, Lake Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,061 (56.0%) |
| Renter Occupied HU | 161 ( 8.5%) |
| Vacant Housing Units | 671 (35.4%) |
| Median Home Value | $424,745 |
| Average Home Value | $451,025 |
Housing Distribution
Address Breakdown
Residential
1,199
Single Family
1,158
Multi-Family
41
Businesses
61
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 2021
2.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56554, Lake Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,061 (56.0%) |
| Renter Occupied HU | 161 ( 8.5%) |
| Vacant Housing Units | 671 (35.4%) |
| Median Home Value | $424,745 |
| Average Home Value | $451,025 |
Housing Distribution
Address Breakdown
Residential
1,199
Single Family
1,158
Multi-Family
41
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices