285 N Old Crystal Bay RdLong LakeMN55356
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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 Long Lake at 285 N Old Crystal Bay Rd, Long Lake, MN, 55356 priced at $649,900 pairs $2,778/mo rent with after a $3,181/mo payment. Total monthly income equals $2,778/mo. Return on cash invested is 12.87% in year one, and rental yield stands at 5.13% on a $649,900 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,555 by year five. Five-year ROI measures 65.16% and total cumulative return in cash reaches $139,326. For financing, Ziffy Mortgage’s DSCR program evaluates $2,778/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
4.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55356, Long Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,401 (100%) |
| Owner Occupied HU | 1,816 (75.6%) |
| Renter Occupied HU | 403 (16.8%) |
| Vacant Housing Units | 182 ( 7.6%) |
| Median Home Value | $821,163 |
| Average Home Value | $955,650 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,164
Multi-Family
254
Businesses
277
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