330 Andover RdHoyt LakesMN55750
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 Hoyt Lakes at 330 Andover Rd, Hoyt Lakes, MN, 55750 listed at $120,000 pairs $963/mo rent with a $587/mo payment to leave $209/mo cash flow. Total monthly income runs $963/mo, and annual cash flow reaches $2,503/yr on $39,780 cash to close. Return on cash invested measures 26.2% in year one, and rental yield registers 9.63% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 136.79% and total cumulative return in cash totals $54,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $963/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55750, Hoyt Lakes, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 999 (100%) |
| Owner Occupied HU | 784 (78.5%) |
| Renter Occupied HU | 100 (10.0%) |
| Vacant Housing Units | 115 (11.5%) |
| Median Home Value | $111,993 |
| Average Home Value | $225,405 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
907
Multi-Family
24
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Kris Lindahl • Kris Lindahl Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120064
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.