220 Laclaire StLake CrystalMN56055
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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 Lake Crystal at 220 Laclaire St, Lake Crystal, MN, 56055 offers $900/mo rent that, after a $4,699/mo payment. Total monthly income is $900/mo. Return on cash invested measures 0.7% in year one, and rental yield stands at 1.13% at a $960,000 entry. Equity gained on principal adds $6,195/yr while 5% annual appreciation compounds into $265,230 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $4,699/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56055, Lake Crystal, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,683 (100%) |
| Owner Occupied HU | 1,321 (78.5%) |
| Renter Occupied HU | 279 (16.6%) |
| Vacant Housing Units | 83 ( 4.9%) |
| Median Home Value | $286,137 |
| Average Home Value | $329,131 |
Housing Distribution
Address Breakdown
Residential
841
Single Family
769
Multi-Family
72
Businesses
71
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Listed by: N/A • N/A
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Mls ID: #N/A