1850 Quasar Ave SLakelandMN55043
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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
Investment property for sale in Lakeland at 1850 Quasar Ave S, Lakeland, MN, 55043 uses $144,203 cash to close to unlock $4,653/yr annual cash flow and $388/mo monthly cash flow. Total monthly income runs $3,104/mo, and a $2,129/mo payment keeps the spread at $388/mo. Purchase price stands at $435,000, and rental yield measures 8.56% with $3,104/mo rent. Return on cash invested shows 23.14% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 120.21% and total cumulative return in cash records $173,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,104/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55043, Lakeland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,296 (84.9%) |
| Renter Occupied HU | 144 ( 9.4%) |
| Vacant Housing Units | 87 ( 5.7%) |
| Median Home Value | $463,103 |
| Average Home Value | $608,632 |
Housing Distribution
Address Breakdown
Residential
1,479
Single Family
1,479
Multi-Family
0
Businesses
132
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