2148 Maple St SWHoward LakeMN55349
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
Rental property for sale in Howard Lake at 2148 Maple St SW, Howard Lake, MN, 55349 priced at $414,900 converts $3,362/mo rent into $771/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,362/mo, and annual cash flow totals $9,251/yr on $137,539 invested. Return on cash invested prints 26.63% in year one, and rental yield reads 9.72% against a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation compiles into $114,629 by year five. Five-year ROI reaches 138.98% and total cumulative return in cash sums $191,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,362/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55349, Howard Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,366 (75.1%) |
| Renter Occupied HU | 327 (18.0%) |
| Vacant Housing Units | 127 ( 7.0%) |
| Median Home Value | $426,106 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
1,253
Single Family
1,109
Multi-Family
144
Businesses
100
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Nearby investment properties with comparable prices
Listed by: Thomas J. Sommers • Coldwell Banker Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6570341
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