2560 Lander Ave NESaint MichaelMN55376
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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 Saint Michael at 2560 Lander Ave NE, Saint Michael, MN, 55376 offers $4,242/mo rent that, after a $3,658/mo payment. Total monthly income is $4,242/mo. Return on cash invested measures 17.99% in year one, and rental yield stands at 6.81% at a $747,400 entry. Equity gained on principal adds $4,823/yr while 5% annual appreciation compounds into $206,493 by year five. Five-year ROI records 92.58% and total cumulative return in cash reaches $227,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,242/mo property income versus a $3,658/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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Listed by: Shawn M Strathe • Elevate Your Home LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6772275