306 Golf Course RdMountain LakeMN56159
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
Rental property for sale in Mountain Lake at 306 Golf Course Rd, Mountain Lake, MN, 56159 priced at $300,000 converts $2,004/mo rent into $95/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $1,134/yr on $99,450 invested. Return on cash invested prints 21.05% in year one, and rental yield reads 8.02% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 109.21% and total cumulative return in cash sums $108,612. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56159, Mountain Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 749 (68.0%) |
| Renter Occupied HU | 257 (23.3%) |
| Vacant Housing Units | 96 ( 8.7%) |
| Median Home Value | $188,508 |
| Average Home Value | $241,876 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
861
Multi-Family
95
Businesses
85
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Nearby investment properties with comparable prices
Listed by: Jean Marie Fast • EXIT Realty - Great Plains
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6575733
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