2538 Friendship LnCarltonMN55718
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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 Carlton at 2538 Friendship Ln, Carlton, MN, 55718 uses $142,545 cash to close to unlock $4,266/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $3,041/mo, and a $2,105/mo payment keeps the spread at $356/mo. Purchase price stands at $430,000, and rental yield measures 8.49% with $3,041/mo rent. Return on cash invested shows 22.9% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 118.98% and total cumulative return in cash records $169,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,041/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Single Family
Built in 2001
12.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55718, Carlton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,145 (78.3%) |
| Renter Occupied HU | 180 (12.3%) |
| Vacant Housing Units | 138 ( 9.4%) |
| Median Home Value | $322,017 |
| Average Home Value | $355,483 |
Housing Distribution
Address Breakdown
Residential
1,266
Single Family
1,158
Multi-Family
108
Businesses
101
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