2899 129th St, Lengby, MN, 56651 | 6.35% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1668 sft

17 E Dakota Ave, Winger, MN, 56592

3 Bed
2 Bath
2406 sft

261 Broadway Ave, Shevlin, MN, 56676

3 Bed
3 Bath
2184 sft

13586 Island Lake Rd W, Lengby, MN, 56651

4 Bed
2 Bath
1920 sft

813 Eaton Ave N, Fosston, MN, 56542

Nearby investment properties with comparable prices

3 Bed
1 Bath
1144 sft

123 E Jefferson Ave, Mahnomen, MN, 56557

$ 179,900

ROI

Cash Flow/m

4 Bed
2 Bath
1992 sft

636 Labudde Ave NE, Bagley, MN, 56621

4 Bed
2 Bath
1592 sft

215 Main St N, Clearbrook, MN, 56634

2 Bed
3 Bath
1839 sft

555 State St NE, McIntosh, MN, 56556

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lengby at 2899 129th St, Lengby, MN, 56651 earns from $1,110/mo rent with a $1,027/mo payment. Total monthly income totals $1,110/mo. ROI tracks 16.45% on current figures, and rental yield reads 6.35% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 84.41% and total cumulative return in cash sums $58,736. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,110/mo property income instead of your personal income.

Single Family

Built in 1955

0.49 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 56651, Lengby, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	370 (100%)
Owner Occupied HU	161 (43.5%)
Renter Occupied HU	36 ( 9.7%)
Vacant Housing Units	173 (46.8%)
Median Home Value	$269,000
Average Home Value	$278,432