19350 Necktie LnLake GeorgeMN56458
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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 Lake George at 19350 Necktie Ln, Lake George, MN, 56458 uses $76,212 cash to close to unlock $3,608/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $1,736/mo, and a $1,125/mo payment keeps the spread at $301/mo. Purchase price stands at $229,900, and rental yield measures 9.06% with $1,736/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 128.33% and total cumulative return in cash records $97,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,736/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.06 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56458, Lake George, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 290 (100%) |
| Owner Occupied HU | 155 (53.4%) |
| Renter Occupied HU | 13 ( 4.5%) |
| Vacant Housing Units | 122 (42.1%) |
| Median Home Value | $403,409 |
| Average Home Value | $409,048 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
12
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Listed by: Jared Olson • Cedar Point Realty -Walker
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6758490