31224 N Washington AvePequot LakesMN56472
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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 Pequot Lakes at 31224 N Washington Ave, Pequot Lakes, MN, 56472 earns $293/mo cash flow from $1,510/mo rent with a $954/mo payment. Total monthly income totals $1,510/mo, and annual cash flow totals $3,515/yr on $64,609 capital. ROI tracks 25.35% on current figures, and rental yield reads 9.3% at a $194,900 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,847 over five years. Five-year ROI reaches 132.1% and total cumulative return in cash sums $85,347. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,510/mo property income instead of your personal income.
Single Family
Built in 1950
0.43 Acres 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
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Listed by: Teresa Baca • Weichert REALTORS Tower Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6766632