310 Fern St APT 8Big LakeMN55309
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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 Big Lake at 310 Fern St APT 8, Big Lake, MN, 55309 offers a 11.53% rental yield on a $210,000 purchase with $2,018/mo rent. Total monthly income registers $2,018/mo, and a $1,028/mo payment leaves $416/mo available for distribution. Annual cash flow reaches $4,986/yr on $69,615 to close, and return on cash invested stands at 27.07% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 143.18% and total cumulative return in cash at $99,676. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,018/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
1,306 sqft lot
$N/A/sqft
$291 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55309, Big Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 6,483 (80.4%) |
| Renter Occupied HU | 1,017 (12.6%) |
| Vacant Housing Units | 564 ( 7.0%) |
| Median Home Value | $353,012 |
| Average Home Value | $388,552 |
Housing Distribution
Address Breakdown
Residential
7,870
Single Family
6,967
Multi-Family
903
Businesses
391
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Nearby investment properties with comparable prices
Listed by: Ed A Iverson • Century 21 Atwood
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6628825
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