36155 New Melahn DrLake GeorgeMN56458
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
Total monthly income runs $2,680/mo, and a $2,937/mo payment. Purchase price stands at $600,000, and rental yield measures 5.36% with $2,680/mo rent. Return on cash invested shows 13.57% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 68.9% and total cumulative return in cash records $136,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,680/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 2001
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56458, Lake George, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 290 (100%) |
| Owner Occupied HU | 155 (53.4%) |
| Renter Occupied HU | 13 ( 4.5%) |
| Vacant Housing Units | 122 (42.1%) |
| Median Home Value | $403,409 |
| Average Home Value | $409,048 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin G Clack • Keller Williams Realty Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7000113