2038 Grand AveLong LakeMN55356
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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 Long Lake at 2038 Grand Ave, Long Lake, MN, 55356 at $268,500 posts ROI 26.99% with $526/mo cash flow from $2,202/mo rent. Total monthly income equals $2,202/mo, and annual cash flow records $6,306/yr on $89,008 to close. Return on cash invested measures 26.99% and rental yield reads 9.84% at the current $268,500. Equity gained on principal adds $1,733/yr, and 5% annual appreciation supports $74,182 by year five. Five-year ROI prints 140.92% and total cumulative return in cash totals $125,434.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,202/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55356, Long Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,401 (100%) |
| Owner Occupied HU | 1,816 (75.6%) |
| Renter Occupied HU | 403 (16.8%) |
| Vacant Housing Units | 182 ( 7.6%) |
| Median Home Value | $821,163 |
| Average Home Value | $955,650 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,164
Multi-Family
254
Businesses
277
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