32081 Lakeview DrLake CityMN55041
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 Lake City at 32081 Lakeview Dr, Lake City, MN, 55041 listed at $365,000 pairs $1,998/mo rent with a $1,786/mo payment. Total monthly income runs $1,998/mo. Return on cash invested measures 17.12% in year one, and rental yield registers 6.57% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 88% and total cumulative return in cash totals $106,483. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,998/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
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Listed by: Gavin Hoffman • Counselor Realty of Rochester
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6732500
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