309 Coffee StLanesboroMN55949
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 Lanesboro at 309 Coffee St, Lanesboro, MN, 55949 offers $1,754/mo rent that, after a $893/mo payment, leaves $615/mo cash flow. Total monthly income is $1,754/mo, and annual cash flow is $7,376/yr on $60,499 cash. Return on cash invested measures 32.1% in year one, and rental yield stands at 11.53% at a $182,500 entry. Equity gained on principal adds $1,178/yr while 5% annual appreciation compounds into $50,421 by year five. Five-year ROI records 168.32% and total cumulative return in cash reaches $101,830. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,754/mo property income versus a $893/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55949, Lanesboro, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 957 (100%) |
| Owner Occupied HU | 645 (67.4%) |
| Renter Occupied HU | 140 (14.6%) |
| Vacant Housing Units | 172 (18.0%) |
| Median Home Value | $291,923 |
| Average Home Value | $349,907 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
779
Multi-Family
49
Businesses
59
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