236 Lakehill DrWorthingtonMN56187
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 Worthington at 236 Lakehill Dr, Worthington, MN, 56187 uses $52,709 cash to close to unlock $2,476/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $1,199/mo, and a $778/mo payment keeps the spread at $206/mo. Purchase price stands at $159,000, and rental yield measures 9.05% with $1,199/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 128.15% and total cumulative return in cash records $67,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,199/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56187, Worthington, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,198 (100%) |
| Owner Occupied HU | 3,088 (59.4%) |
| Renter Occupied HU | 1,780 (34.2%) |
| Vacant Housing Units | 330 ( 6.3%) |
| Median Home Value | $213,663 |
| Average Home Value | $246,895 |
Housing Distribution
Address Breakdown
Residential
5,313
Single Family
4,417
Multi-Family
896
Businesses
514
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phillip Willardson • Johnson Builders & Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6757189