334 Lakeview AveLong LakeMN55356
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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 Long Lake at 334 Lakeview Ave, Long Lake, MN, 55356 priced at $249,900 converts $2,442/mo rent into $882/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,442/mo, and annual cash flow totals $10,580/yr on $82,842 invested. Return on cash invested prints 32.68% in year one, and rental yield reads 11.73% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 171.39% and total cumulative return in cash sums $141,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,442/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Townhouse
Built in 1978
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55356, Long Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,401 (100%) |
| Owner Occupied HU | 1,816 (75.6%) |
| Renter Occupied HU | 403 (16.8%) |
| Vacant Housing Units | 182 ( 7.6%) |
| Median Home Value | $821,163 |
| Average Home Value | $955,650 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,164
Multi-Family
254
Businesses
277
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