29614 Nathan AveLindstromMN55045
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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 Lindstrom at 29614 Nathan Ave, Lindstrom, MN, 55045 offers a 8.97% rental yield on a $375,000 purchase with $2,802/mo rent. Total monthly income registers $2,802/mo, and a $1,835/mo payment leaves $369/mo available for distribution. Annual cash flow reaches $4,423/yr on $124,313 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 122.33% and total cumulative return in cash at $152,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,802/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55045, Lindstrom, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,440 (100%) |
| Owner Occupied HU | 2,833 (82.4%) |
| Renter Occupied HU | 337 ( 9.8%) |
| Vacant Housing Units | 270 ( 7.8%) |
| Median Home Value | $417,912 |
| Average Home Value | $472,834 |
Housing Distribution
Address Breakdown
Residential
3,241
Single Family
2,757
Multi-Family
484
Businesses
196
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Listed by: The Leonhardt Team • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6826561
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