204 Lincoln Dr NERacineMN55967
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 Racine at 204 Lincoln Dr NE, Racine, MN, 55967 offers a 5.39% rental yield on a $669,900 purchase with $3,010/mo rent. 67% in year one. Equity gained on principal adds $4,323/yr while 5% annual appreciation supports $185,081 over five years. Portfolio math shows five-year ROI at 69.43% and total cumulative return in cash at $153,021. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,010/mo property income against a $3,279/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55967, Racine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 311 (100%) |
| Owner Occupied HU | 270 (86.8%) |
| Renter Occupied HU | 30 ( 9.6%) |
| Vacant Housing Units | 11 ( 3.5%) |
| Median Home Value | $304,545 |
| Average Home Value | $446,435 |
Housing Distribution
Address Breakdown
Residential
291
Single Family
291
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices