27 Kings Row DrLake CityMN55041
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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
Rental property for sale in Lake City at 27 Kings Row Dr, Lake City, MN, 55041 priced at $285,000 pairs $2,330/mo rent with $550/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,330/mo, and annual cash flow comes to $6,603/yr on $94,478 invested. Return on cash invested is 26.9% in year one, and rental yield stands at 9.81% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 140.43% and total cumulative return in cash reaches $132,678. For financing, Ziffy Mortgage’s DSCR program evaluates $2,330/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
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