30587 S Oak StPequot LakesMN56472
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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 Pequot Lakes at 30587 S Oak St, Pequot Lakes, MN, 56472 generates $2,340/mo in rent and, after a $1,615/mo payment, leaves $280/mo in cash flow. Total monthly income is $2,340/mo, and annual cash flow is $3,356/yr on $109,362 invested. Return on cash invested sits at 22.98% in year one, and rental yield is 8.51% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 119.38% and total cumulative return in cash sums $130,551. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56472, Pequot Lakes, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,474 (100%) |
| Owner Occupied HU | 3,086 (47.7%) |
| Renter Occupied HU | 673 (10.4%) |
| Vacant Housing Units | 2,715 (41.9%) |
| Median Home Value | $451,908 |
| Average Home Value | $547,114 |
Housing Distribution
Address Breakdown
Residential
4,825
Single Family
4,486
Multi-Family
339
Businesses
293
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Listed by: Kevin Kruchten • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6751072