23311 N Lakeshore Dr UNIT 6GlenwoodMN56334
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 Glenwood at 23311 N Lakeshore Dr UNIT 6, Glenwood, MN, 56334 offers a 5.24% rental yield on a $335,000 purchase with $1,462/mo rent. 94% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 55.59% and total cumulative return in cash at $61,736. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,462/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.04 sqft lot
$N/A/sqft
$200 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glen Bearson • Central MN Realty LLC
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6388945
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