30957 Rasmussen RdPequot LakesMN56472
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 Pequot Lakes at 30957 Rasmussen Rd, Pequot Lakes, MN, 56472 uses $77,903 cash to close to unlock $5,193/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $1,900/mo, and a $1,150/mo payment keeps the spread at $433/mo. Purchase price stands at $235,000, and rental yield measures 9.7% with $1,900/mo rent. Return on cash invested shows 26.58% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 138.66% and total cumulative return in cash records $108,016. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,900/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.28 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Stjernholm • Trelora Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6813844