201 Ridgeview Ln S APT 202LanesboroMN55949
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 201 Ridgeview Ln S APT 202, Lanesboro, MN, 55949 in Lanesboro. Rental yield 5.76%. At $224,900 with 5.76% gross yield, current distributions are modest, but the 5% appreciation rate projects $62,136 in new equity by year five, complemented by $2,071/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.07) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $64,503.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 6.5% |
| Monthly Cash Flow | $(804) | $650 |
City averages based on Lanesboro market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,080 |
| Total Monthly Debt Service | $1,315 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1917
2,962 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55949, Lanesboro, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 957 (100%) |
| Owner Occupied HU | 645 (67.4%) |
| Renter Occupied HU | 140 (14.6%) |
| Vacant Housing Units | 172 (18.0%) |
| Median Home Value | $291,923 |
| Average Home Value | $349,907 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
779
Multi-Family
49
Businesses
59
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
Condo
Built in 1917
2,962 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55949, Lanesboro, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 957 (100%) |
| Owner Occupied HU | 645 (67.4%) |
| Renter Occupied HU | 140 (14.6%) |
| Vacant Housing Units | 172 (18.0%) |
| Median Home Value | $291,923 |
| Average Home Value | $349,907 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
779
Multi-Family
49
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices