18755 Cassie LnPine CityMN55063
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 Pine City at 18755 Cassie Ln, Pine City, MN, 55063 generates $1,134/mo in rent, after a $734/mo payment. Total monthly income is $1,134/mo. Return on cash invested sits at 10.68% in year one, and rental yield is 9.08% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 58.51% and total cumulative return in cash sums $29,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,134/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
0.25 Acres lot
$N/A/sqft
$580 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55063, Pine City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,878 (100%) |
| Owner Occupied HU | 3,157 (64.7%) |
| Renter Occupied HU | 856 (17.5%) |
| Vacant Housing Units | 865 (17.7%) |
| Median Home Value | $285,815 |
| Average Home Value | $320,475 |
Housing Distribution
Address Breakdown
Residential
4,386
Single Family
4,086
Multi-Family
300
Businesses
292
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Nearby investment properties with comparable prices
Listed by: Lonnie S. Ness • RE/MAX Select, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6728865
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