20375 Granada Ave NForest LakeMN55025
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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 Forest Lake at 20375 Granada Ave N, Forest Lake, MN, 55025 offers a 7.16% rental yield on a $400,000 purchase with $2,386/mo rent. 9% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 97.47% and total cumulative return in cash at $129,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,386/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
2,962 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
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Listed by: Tawny Bednarchuk • Keller Williams Classic Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6806510