305 Oak StLucanMN56255
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 Lucan at 305 Oak St, Lucan, MN, 56255 with 5% annual appreciation on a $152,900 basis while $1,219/mo rent supports operations. Total monthly income totals $1,219/mo and a $748/mo payment preserves $265/mo for cash returns. Annual cash flow comes to $3,175/yr on $50,686 deployed, and return on cash invested reaches 26.17% in year one. Equity gained on principal adds $987/yr, and five-year appreciation sums $42,243 alongside rental yield of 9.57%. Five-year ROI measures 136.57% and total cumulative return in cash totals $69,220.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,219/mo property income versus a $748/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56255, Lucan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 195 (100%) |
| Owner Occupied HU | 142 (72.8%) |
| Renter Occupied HU | 33 (16.9%) |
| Vacant Housing Units | 20 (10.3%) |
| Median Home Value | $246,429 |
| Average Home Value | $325,845 |
Housing Distribution
Address Breakdown
Residential
109
Single Family
109
Multi-Family
0
Businesses
9
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