221 Woodlawn AveLake LillianMN56253
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 Lake Lillian at 221 Woodlawn Ave, Lake Lillian, MN, 56253 offers a 9.95% rental yield on a $215,000 purchase with $1,783/mo rent. Total monthly income registers $1,783/mo, and a $1,052/mo payment leaves $441/mo available for distribution. Annual cash flow reaches $5,289/yr on $71,273 to close, and return on cash invested stands at 27.33% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 142.71% and total cumulative return in cash at $101,713. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,783/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56253, Lake Lillian, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 367 (57.3%) |
| Renter Occupied HU | 66 (10.3%) |
| Vacant Housing Units | 207 (32.3%) |
| Median Home Value | $307,333 |
| Average Home Value | $336,069 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
17
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Listed by: Courtney Studenski • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6818681