176 Peninsula RdMedicine LakeMN55441
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
Investment Highlights
Rental property for sale in Medicine Lake at 176 Peninsula Rd, Medicine Lake, MN, 55441 priced at $1,650,000 pairs $3,893/mo rent with after a $8,076/mo payment. Total monthly income equals $3,893/mo. Return on cash invested is 5.98% in year one, and rental yield stands at 2.83% on a $1,650,000 basis. Equity gained on principal adds $10,647/yr, and 5% annual appreciation accumulates to $455,865 by year five. Five-year ROI measures 28.12% and total cumulative return in cash reaches $150,353. For financing, Ziffy Mortgage’s DSCR program evaluates $3,893/mo property income against a $8,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55441, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,220 (100%) |
| Owner Occupied HU | 4,409 (53.6%) |
| Renter Occupied HU | 3,378 (41.1%) |
| Vacant Housing Units | 433 ( 5.3%) |
| Median Home Value | $489,344 |
| Average Home Value | $556,378 |
Housing Distribution
Address Breakdown
Residential
8,208
Single Family
5,095
Multi-Family
3,113
Businesses
899
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt P Engen • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6796833