1898 Hay Lake Dr NWPine RiverMN56474
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
Investment property for sale in Pine River at 1898 Hay Lake Dr NW, Pine River, MN, 56474 listed at $589,000 pairs $1,283/mo rent with a $2,883/mo payment. Total monthly income runs $1,283/mo. Return on cash invested measures 5.23% in year one, and rental yield registers 2.61% at a $589,000 basis. Equity gained on principal adds $3,801/yr, and annual property appreciation at 5% supports $162,730 by year five. Five-year ROI tracks 24.15% and total cumulative return in cash totals $46,790. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,283/mo property income relative to a $2,883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56474, Pine River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 1,602 (53.5%) |
| Renter Occupied HU | 390 (13.0%) |
| Vacant Housing Units | 1,001 (33.4%) |
| Median Home Value | $320,339 |
| Average Home Value | $411,657 |
Housing Distribution
Address Breakdown
Residential
2,231
Single Family
2,109
Multi-Family
122
Businesses
170
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Listed by: Kari Crimmins • North Pointe Realty Advantage
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6774387
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