2007 2nd StLake ParkMN56554
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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 Park at 2007 2nd St, Lake Park, MN, 56554 earns from $0/mo rent with a $1,170/mo payment. Total monthly income totals $0/mo. ROI tracks -2.7% on current figures, and rental yield reads 0% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1961
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56554, Lake Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,061 (56.0%) |
| Renter Occupied HU | 161 ( 8.5%) |
| Vacant Housing Units | 671 (35.4%) |
| Median Home Value | $424,745 |
| Average Home Value | $451,025 |
Housing Distribution
Address Breakdown
Residential
1,199
Single Family
1,158
Multi-Family
41
Businesses
61
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Steven Larson • Coldwell Banker At The Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6717168
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