20775 Lanet Rd NEBlackduckMN56630
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 Blackduck at 20775 Lanet Rd NE, Blackduck, MN, 56630 offers a 10.96% rental yield on a $205,000 purchase with $1,872/mo rent. Total monthly income registers $1,872/mo, and a $1,003/mo payment leaves $592/mo available for distribution. Annual cash flow reaches $7,107/yr on $67,958 to close, and return on cash invested stands at 30.37% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 159.05% and total cumulative return in cash at $108,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,872/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56630, Blackduck, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,246 (100%) |
| Owner Occupied HU | 706 (56.7%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 320 (25.7%) |
| Median Home Value | $240,833 |
| Average Home Value | $294,823 |
Housing Distribution
Address Breakdown
Residential
933
Single Family
866
Multi-Family
67
Businesses
71
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