1941 County Road 61CarltonMN55718
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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 Carlton at 1941 County Road 61, Carlton, MN, 55718 earns $711/mo cash flow from $2,603/mo rent with a $1,483/mo payment. Total monthly income totals $2,603/mo, and annual cash flow totals $8,531/yr on $100,445 capital. ROI tracks 28.4% on current figures, and rental yield reads 10.31% at a $303,000 purchase. Equity gained on principal adds $1,955/yr, and 5% annual appreciation supports $83,713 over five years. Five-year ROI reaches 148.45% and total cumulative return in cash sums $149,106. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,603/mo property income instead of your personal income.
Single Family
Built in 1961
2.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55718, Carlton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,145 (78.3%) |
| Renter Occupied HU | 180 (12.3%) |
| Vacant Housing Units | 138 ( 9.4%) |
| Median Home Value | $322,017 |
| Average Home Value | $355,483 |
Housing Distribution
Address Breakdown
Residential
1,266
Single Family
1,158
Multi-Family
108
Businesses
101
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Listed by: Jamie Sathers-Day • JS Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119762
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.