302 Cedar Ave NWCass LakeMN56633
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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 Cass Lake at 302 Cedar Ave NW, Cass Lake, MN, 56633 offers $1,555/mo rent that, after a $854/mo payment, leaves $465/mo cash flow. Total monthly income is $1,555/mo, and annual cash flow is $5,585/yr on $57,847 cash. Return on cash invested measures 29.56% in year one, and rental yield stands at 10.69% at a $174,500 entry. Equity gained on principal adds $1,126/yr while 5% annual appreciation compounds into $48,211 by year five. Five-year ROI records 154.72% and total cumulative return in cash reaches $89,502. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,555/mo property income versus a $854/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
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