307 Higbie Ave EMinnesota LakeMN56068
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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
Investment property for sale in Minnesota Lake at 307 Higbie Ave E, Minnesota Lake, MN, 56068 uses $84,367 cash to close to unlock $3,893/yr annual cash flow and $324/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,246/mo payment keeps the spread at $324/mo. Purchase price stands at $254,500, and rental yield measures 9.02% with $1,914/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $70,314 over five years. Five-year ROI reaches 127.68% and total cumulative return in cash records $107,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,246/mo payment rather than investor’s personal income.
Single Family
Built in 1961
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56068, Minnesota Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 356 (74.0%) |
| Renter Occupied HU | 84 (17.5%) |
| Vacant Housing Units | 41 ( 8.5%) |
| Median Home Value | $197,917 |
| Average Home Value | $257,381 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
23
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Listed by: Tara Garbes • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7038100
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-07-16 09:50:14 PDT