22004 Old Curry Rd SECass LakeMN56633
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
Investment property for sale in Cass Lake at 22004 Old Curry Rd SE, Cass Lake, MN, 56633 offers a 3.91% rental yield on a $789,900 purchase with $2,573/mo rent. 17% in year one. Equity gained on principal adds $5,097/yr while 5% annual appreciation supports $218,235 over five years. Portfolio math shows five-year ROI at 45.27% and total cumulative return in cash at $117,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,573/mo property income against a $3,866/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
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Listed by: Vanessa Osborn • Lake-N-Woods Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6701821
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