241 Leighton DrBig LakeMN55309
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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 Big Lake at 241 Leighton Dr, Big Lake, MN, 55309 offers a 5.69% rental yield on a $495,000 purchase with $2,346/mo rent. 46% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 73.68% and total cumulative return in cash at $120,910. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,346/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1989
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55309, Big Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 6,483 (80.4%) |
| Renter Occupied HU | 1,017 (12.6%) |
| Vacant Housing Units | 564 ( 7.0%) |
| Median Home Value | $353,012 |
| Average Home Value | $388,552 |
Housing Distribution
Address Breakdown
Residential
7,870
Single Family
6,967
Multi-Family
903
Businesses
391
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