211 Park St NMinnesota LakeMN56068
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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
Rental property for sale in Minnesota Lake at 211 Park St N, Minnesota Lake, MN, 56068 priced at $186,900 pairs $1,800/mo rent with $633/mo cash flow after a $915/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $7,592/yr on $61,957 invested. Return on cash invested is 32.16% in year one, and rental yield stands at 11.56% on a $186,900 basis. Equity gained on principal adds $1,206/yr, and 5% annual appreciation accumulates to $51,637 by year five. Five-year ROI measures 168.66% and total cumulative return in cash reaches $104,495. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $915/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1937
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56068, Minnesota Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 356 (74.0%) |
| Renter Occupied HU | 84 (17.5%) |
| Vacant Housing Units | 41 ( 8.5%) |
| Median Home Value | $197,917 |
| Average Home Value | $257,381 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
23
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Listed by: N/A • N/A
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