32412 360th Avenue WayLake CityMN55041
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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 Lake City at 32412 360th Avenue Way, Lake City, MN, 55041 earns $314/mo cash flow from $2,576/mo rent with a $1,773/mo payment. Total monthly income totals $2,576/mo, and annual cash flow totals $3,768/yr on $120,069 capital. ROI tracks 23.05% on current figures, and rental yield reads 8.53% at a $362,200 purchase. Equity gained on principal adds $2,337/yr, and 5% annual appreciation supports $100,069 over five years. Five-year ROI reaches 119.77% and total cumulative return in cash sums $143,812. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,576/mo property income instead of your personal income.
Single Family
Built in 1993
1.14 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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