24864 Kettle River BlvdForest LakeMN55025
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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 Forest Lake at 24864 Kettle River Blvd, Forest Lake, MN, 55025 uses $164,093 cash to close to unlock $1,017/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $3,176/mo, and a $2,423/mo payment keeps the spread at $85/mo. Purchase price stands at $495,000, and rental yield measures 7.7% with $3,176/mo rent. Return on cash invested shows 20.53% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 106.23% and total cumulative return in cash records $174,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,176/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1992
2.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
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Listed by: The Leonhardt Team • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6755321