330 1st St WLake LillianMN56253
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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 Lillian at 330 1st St W, Lake Lillian, MN, 56253 with 5% annual appreciation on a $225,000 basis while $2,244/mo rent supports operations. Total monthly income totals $2,244/mo and a $1,101/mo payment preserves $839/mo for cash returns. Annual cash flow comes to $10,071/yr on $74,588 deployed, and return on cash invested reaches 33.41% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 11.97%. Five-year ROI measures 175.38% and total cumulative return in cash totals $130,809.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,244/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56253, Lake Lillian, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 367 (57.3%) |
| Renter Occupied HU | 66 (10.3%) |
| Vacant Housing Units | 207 (32.3%) |
| Median Home Value | $307,333 |
| Average Home Value | $336,069 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
17
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Listed by: Brenda Rouse • Edina Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823469