23030 Lampi RdCohassetMN55721
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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 Cohasset at 23030 Lampi Rd, Cohasset, MN, 55721 offers a 3.91% rental yield on a $365,000 purchase with $1,190/mo rent. 11% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 45.04% and total cumulative return in cash at $54,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,190/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55721, Cohasset, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 1,330 (72.4%) |
| Renter Occupied HU | 160 ( 8.7%) |
| Vacant Housing Units | 347 (18.9%) |
| Median Home Value | $378,392 |
| Average Home Value | $450,788 |
Housing Distribution
Address Breakdown
Residential
1,549
Single Family
1,503
Multi-Family
46
Businesses
58
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