202 Suffolk DrHoyt LakesMN55750
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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 Hoyt Lakes at 202 Suffolk Dr, Hoyt Lakes, MN, 55750 earns $189/mo cash flow from $938/mo rent with a $587/mo payment. Total monthly income totals $938/mo, and annual cash flow totals $2,268/yr on $39,780 capital. ROI tracks 25.61% on current figures, and rental yield reads 9.38% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 133.47% and total cumulative return in cash sums $53,095. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $938/mo property income instead of your personal income.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55750, Hoyt Lakes, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 999 (100%) |
| Owner Occupied HU | 784 (78.5%) |
| Renter Occupied HU | 100 (10.0%) |
| Vacant Housing Units | 115 (11.5%) |
| Median Home Value | $111,993 |
| Average Home Value | $225,405 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
907
Multi-Family
24
Businesses
29
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Listed by: Richard Erickson • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls ID: #6121468