34487 E Retriever RdCrosslakeMN56442
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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 Crosslake at 34487 E Retriever Rd, Crosslake, MN, 56442 offers a 11.21% rental yield on a $327,500 purchase with $3,060/mo rent. Total monthly income registers $3,060/mo, and a $1,603/mo payment leaves $1,015/mo available for distribution. Annual cash flow reaches $12,178/yr on $108,566 to close, and return on cash invested stands at 31.13% in year one. Equity gained on principal adds $2,113/yr while 5% annual appreciation supports $90,482 over five years. Portfolio math shows five-year ROI at 163.06% and total cumulative return in cash at $177,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,060/mo property income against a $1,603/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56442, Crosslake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,571 (100%) |
| Owner Occupied HU | 1,176 (32.9%) |
| Renter Occupied HU | 166 ( 4.6%) |
| Vacant Housing Units | 2,229 (62.4%) |
| Median Home Value | $676,515 |
| Average Home Value | $749,048 |
Housing Distribution
Address Breakdown
Residential
1,956
Single Family
1,809
Multi-Family
147
Businesses
201
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