32200 Merit School RdLaporteMN56461
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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
Rental property for sale in Laporte at 32200 Merit School Rd, Laporte, MN, 56461 generates $1,282/mo in rent and, after a $636/mo payment, leaves $471/mo in cash flow. Total monthly income is $1,282/mo, and annual cash flow is $5,648/yr on $43,062 invested. Return on cash invested sits at 33.02% in year one, and rental yield is 11.84% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 173.27% and total cumulative return in cash sums $74,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,282/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
1.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56461, Laporte, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,061 (100%) |
| Owner Occupied HU | 1,219 (59.1%) |
| Renter Occupied HU | 169 ( 8.2%) |
| Vacant Housing Units | 673 (32.7%) |
| Median Home Value | $294,833 |
| Average Home Value | $351,940 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,474
Multi-Family
0
Businesses
29
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