281 Shoreview EstBig LakeMN55309
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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 Big Lake at 281 Shoreview Est, Big Lake, MN, 55309 at $494,900 posts ROI 11.57% with from $1,950/mo rent. Total monthly income equals $1,950/mo. Return on cash invested measures 11.57% and rental yield reads 4.73% at the current $494,900. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,732 by year five. Five-year ROI prints 58.19% and total cumulative return in cash totals $95,463. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,950/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1989
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55309, Big Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 6,483 (80.4%) |
| Renter Occupied HU | 1,017 (12.6%) |
| Vacant Housing Units | 564 ( 7.0%) |
| Median Home Value | $353,012 |
| Average Home Value | $388,552 |
Housing Distribution
Address Breakdown
Residential
7,870
Single Family
6,967
Multi-Family
903
Businesses
391
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