246 Kent RdHoyt 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
Rental property for sale in Hoyt Lakes at 246 Kent Rd, Hoyt Lakes, MN, 55750 priced at $140,000 pairs $0/mo rent with after a $685/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.69% in year one, and rental yield stands at 0% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
7,840 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Riley Lind • eXp Realty, LLC- MN
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116164
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.