29655 E Horseshoe Lake RdMission TownshipMN56465
Nearby investment properties with comparable rents
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 Mission Township at 29655 E Horseshoe Lake Rd, Mission Township, MN, 56465 earns from $4,694/mo rent with a $6,363/mo payment. Total monthly income totals $4,694/mo. ROI tracks 10.61% on current figures, and rental yield reads 4.33% at a $1,300,000 purchase. Equity gained on principal adds $8,389/yr, and 5% annual appreciation supports $359,166 over five years. Five-year ROI reaches 52.97% and total cumulative return in cash sums $223,107. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,694/mo property income instead of your personal income.
Single Family
Built in 2024
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56465, Merrifield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,889 (100%) |
| Owner Occupied HU | 963 (51.0%) |
| Renter Occupied HU | 89 ( 4.7%) |
| Vacant Housing Units | 837 (44.3%) |
| Median Home Value | $459,639 |
| Average Home Value | $527,617 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
56
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Nearby investment properties with comparable prices
Listed by: Jeff Torfin • Positive Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6726436
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