185 Crow Wing Lake Dr NEAkeleyMN56433
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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 Akeley at 185 Crow Wing Lake Dr NE, Akeley, MN, 56433 priced at $1,499,999 converts $1,500/mo rent into after a $7,342/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 0.95% in year one, and rental yield reads 1.2% against a $1,499,999 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation compiles into $414,422 by year five. Five-year ROI reaches 1.12% and total cumulative return in cash sums $5,435. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $7,342/mo payment, not borrower’s personal income.
Single Family
Built in 1979
46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56433, Akeley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 753 (51.7%) |
| Renter Occupied HU | 139 ( 9.5%) |
| Vacant Housing Units | 564 (38.7%) |
| Median Home Value | $349,662 |
| Average Home Value | $401,059 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
709
Multi-Family
20
Businesses
36
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