230 Prairie StLake WilsonMN56151
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 Wilson at 230 Prairie St, Lake Wilson, MN, 56151 uses $81,218 cash to close to unlock $7,491/yr annual cash flow and $624/mo monthly cash flow. Total monthly income runs $2,154/mo, and a $1,199/mo payment keeps the spread at $624/mo. Purchase price stands at $245,000, and rental yield measures 10.55% with $2,154/mo rent. Return on cash invested shows 29.13% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 152.41% and total cumulative return in cash records $123,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,154/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56151, Lake Wilson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 379 (100%) |
| Owner Occupied HU | 289 (76.3%) |
| Renter Occupied HU | 41 (10.8%) |
| Vacant Housing Units | 49 (12.9%) |
| Median Home Value | $207,500 |
| Average Home Value | $277,734 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor Onken • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6803030