2462 Lake Shore DrMotleyMN56466
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 Motley at 2462 Lake Shore Dr, Motley, MN, 56466 uses $43,062 cash to close to unlock $2,108/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $987/mo, and a $636/mo payment keeps the spread at $176/mo. Purchase price stands at $129,900, and rental yield measures 9.12% with $987/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 129.21% and total cumulative return in cash records $55,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $987/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1970
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56466, Motley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,260 (100%) |
| Owner Occupied HU | 1,135 (50.2%) |
| Renter Occupied HU | 290 (12.8%) |
| Vacant Housing Units | 835 (36.9%) |
| Median Home Value | $308,454 |
| Average Home Value | $349,231 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,444
Multi-Family
59
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices