355 Lake Ave SSpicerMN56288
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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 Spicer at 355 Lake Ave S, Spicer, MN, 56288 projects strong ROI of 1.24%. Rental yield 1.29%. With 5% annual appreciation, the property builds $787,402 in value over five years. Equity growth combined delivers a projected five-year ROI of 2.69%, translating into $24,833 in total cumulative return on $923,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2018
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56288, Spicer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,839 (100%) |
| Owner Occupied HU | 1,640 (57.8%) |
| Renter Occupied HU | 315 (11.1%) |
| Vacant Housing Units | 884 (31.1%) |
| Median Home Value | $443,939 |
| Average Home Value | $537,343 |
Housing Distribution
Address Breakdown
Residential
2,193
Single Family
2,086
Multi-Family
107
Businesses
140
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Nearby investment properties with comparable prices
Listed by: Mark W Hoiseth • Lakes Sotheby's International
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6594894
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