2176 Langston Ln NESaint MichaelMN55376
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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 Saint Michael at 2176 Langston Ln NE, Saint Michael, MN, 55376 uses $98,787 cash to close to unlock $3,944/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,190/mo, and a $1,459/mo payment keeps the spread at $329/mo. Purchase price stands at $298,000, and rental yield measures 8.82% with $2,190/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 124.34% and total cumulative return in cash records $122,828. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,190/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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Listed by: Dean Zachman-Zachman Realty Group • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6783222