202 E Watonwan StLake CrystalMN56055
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
Investment Highlights
Investment property for sale in Lake Crystal at 202 E Watonwan St, Lake Crystal, MN, 56055 offers a 9.16% rental yield on a $169,900 purchase with $1,297/mo rent. Total monthly income registers $1,297/mo, and a $832/mo payment leaves $236/mo available for distribution. Annual cash flow reaches $2,828/yr on $56,322 to close, and return on cash invested stands at 24.93% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 129.84% and total cumulative return in cash at $73,130. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,297/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56055, Lake Crystal, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,683 (100%) |
| Owner Occupied HU | 1,321 (78.5%) |
| Renter Occupied HU | 279 (16.6%) |
| Vacant Housing Units | 83 ( 4.9%) |
| Median Home Value | $286,137 |
| Average Home Value | $329,131 |
Housing Distribution
Address Breakdown
Residential
841
Single Family
769
Multi-Family
72
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trent Vanort • Century 21 Atwood
Mls Name: RASM
Mls ID: #7038683