197 12th StHoward LakeMN55349
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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 Howard Lake at 197 12th St, Howard Lake, MN, 55349 uses $84,533 cash to close to unlock $5,817/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $2,077/mo, and a $1,248/mo payment keeps the spread at $485/mo. Purchase price stands at $255,000, and rental yield measures 9.77% with $2,077/mo rent. Return on cash invested shows 26.79% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 139.82% and total cumulative return in cash records $118,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,077/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55349, Howard Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,366 (75.1%) |
| Renter Occupied HU | 327 (18.0%) |
| Vacant Housing Units | 127 ( 7.0%) |
| Median Home Value | $426,106 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
1,253
Single Family
1,109
Multi-Family
144
Businesses
100
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Listed by: JoLynn M Cafferty • Lakes Area Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6785244