1836 Bridgeview BlvdDetroit LakesMN56501
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 Detroit Lakes at 1836 Bridgeview Blvd, Detroit Lakes, MN, 56501 priced at $412,500 converts $1,440/mo rent into after a $2,019/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 9.94% in year one, and rental yield reads 4.19% against a $412,500 entry. Equity gained on principal adds $2,662/yr, while 5% annual appreciation compiles into $113,966 by year five. Five-year ROI reaches 49.49% and total cumulative return in cash sums $67,672. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $2,019/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56501, Detroit Lakes, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,550 (100%) |
| Owner Occupied HU | 5,565 (52.7%) |
| Renter Occupied HU | 2,196 (20.8%) |
| Vacant Housing Units | 2,789 (26.4%) |
| Median Home Value | $357,335 |
| Average Home Value | $436,261 |
Housing Distribution
Address Breakdown
Residential
8,830
Single Family
7,427
Multi-Family
1,403
Businesses
614
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Ring • Counselor Realty Detroit Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6796874