234 Suffolk DrHoyt LakesMN55750
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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 Hoyt Lakes at 234 Suffolk Dr, Hoyt Lakes, MN, 55750 uses $53,007 cash to close to unlock $3,098/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,257/mo, and a $783/mo payment keeps the spread at $258/mo. Purchase price stands at $159,900, and rental yield measures 9.43% with $1,257/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 134.35% and total cumulative return in cash records $71,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,257/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55750, Hoyt Lakes, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 999 (100%) |
| Owner Occupied HU | 784 (78.5%) |
| Renter Occupied HU | 100 (10.0%) |
| Vacant Housing Units | 115 (11.5%) |
| Median Home Value | $111,993 |
| Average Home Value | $225,405 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
907
Multi-Family
24
Businesses
29
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Listed by: Jennifer Reyes • Mirabella Realty
Mls Name: Range AOR
Mls ID: #148911