28222 Elk Lake Rd EZimmermanMN55398
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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
Total monthly income runs $2,029/mo, and a $2,055/mo payment. Purchase price stands at $419,900, and rental yield measures 5.8% with $2,029/mo rent. Return on cash invested shows 14.8% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 75.54% and total cumulative return in cash records $105,144. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,029/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55398, Zimmerman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,944 (100%) |
| Owner Occupied HU | 5,913 (85.2%) |
| Renter Occupied HU | 760 (10.9%) |
| Vacant Housing Units | 271 ( 3.9%) |
| Median Home Value | $371,631 |
| Average Home Value | $394,857 |
Housing Distribution
Address Breakdown
Residential
6,704
Single Family
6,201
Multi-Family
503
Businesses
254
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