2119 E Lake Ridge Dr SWPillagerMN56473
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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 Pillager at 2119 E Lake Ridge Dr SW, Pillager, MN, 56473 earns from $3,120/mo rent with a $3,911/mo payment. Total monthly income totals $3,120/mo. ROI tracks 11.53% on current figures, and rental yield reads 4.69% at a $799,000 purchase. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 over five years. Five-year ROI reaches 57.93% and total cumulative return in cash sums $152,274. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,120/mo property income instead of your personal income.
Single Family
Built in 1980
39.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56473, Pillager, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,900 (100%) |
| Owner Occupied HU | 1,328 (69.9%) |
| Renter Occupied HU | 187 ( 9.8%) |
| Vacant Housing Units | 385 (20.3%) |
| Median Home Value | $336,149 |
| Average Home Value | $370,431 |
Housing Distribution
Address Breakdown
Residential
1,561
Single Family
1,549
Multi-Family
12
Businesses
70
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