3421 Breezy Point IsTowerMN55790
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
Rental property for sale in Tower at 3421 Breezy Point Is, Tower, MN, 55790 priced at $124,000 converts $1,087/mo rent into $313/mo cash flow after a $607/mo obligation. Total monthly income equals $1,087/mo, and annual cash flow totals $3,751/yr on $41,106 invested. Return on cash invested prints 29.03% in year one, and rental yield reads 10.52% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 151.87% and total cumulative return in cash sums $62,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,087/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Janisch • Janisch Realty Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6110356
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.