2704 Oak Lawn DrNorthfieldMN55057
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 Northfield at 2704 Oak Lawn Dr, Northfield, MN, 55057 listed at $550,000 pairs $1,728/mo rent with a $2,692/mo payment. Total monthly income runs $1,728/mo. Return on cash invested measures 8.74% in year one, and rental yield registers 3.77% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 43.01% and total cumulative return in cash totals $77,830. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,728/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
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Listed by: Chad M Skluzacek • Keller Williams Preferred Rlty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6765186