23837 State #200LaporteMN56461
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 23837 State #200, Laporte, MN, 56461 in Laporte at $205,000 earns $1,426/mo in rent and nets $145/mo after the $922/mo payment, a 8.34% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $56,638 over five years. Ziffy Mortgage underwrites this on a 1.55 DSCR without U.S. credit history. With $1,888/yr in principal paydown, total projected return reaches $87,201.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 8.0% |
| Monthly Cash Flow | $145 | $320 |
City averages based on Laporte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,426 |
| Total Monthly Debt Service | $1,199 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1973
7.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56461, Laporte, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,061 (100%) |
| Owner Occupied HU | 1,219 (59.1%) |
| Renter Occupied HU | 169 ( 8.2%) |
| Vacant Housing Units | 673 (32.7%) |
| Median Home Value | $294,833 |
| Average Home Value | $351,940 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,474
Multi-Family
0
Businesses
29
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
Single Family
Built in 1973
7.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56461, Laporte, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,061 (100%) |
| Owner Occupied HU | 1,219 (59.1%) |
| Renter Occupied HU | 169 ( 8.2%) |
| Vacant Housing Units | 673 (32.7%) |
| Median Home Value | $294,833 |
| Average Home Value | $351,940 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,474
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices