308 W Iowa StLake CityMN55041
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 Lake City at 308 W Iowa St, Lake City, MN, 55041 with 5% annual appreciation on a $475,000 basis while $3,109/mo rent supports operations. Total monthly income totals $3,109/mo and a $2,325/mo payment preserves $143/mo for cash returns. Annual cash flow comes to $1,713/yr on $157,463 deployed, and return on cash invested reaches 21% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 7.85%. Five-year ROI measures 108.75% and total cumulative return in cash totals $171,235.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,109/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2003
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices