31622 450th StCass LakeMN56633
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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 Cass Lake at 31622 450th St, Cass Lake, MN, 56633 earns from $1,307/mo rent with a $1,415/mo payment. Total monthly income totals $1,307/mo. ROI tracks 13.67% on current figures, and rental yield reads 5.43% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 69.46% and total cumulative return in cash sums $66,542. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,307/mo property income instead of your personal income.
Single Family
Built in 1981
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
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