379 3rd St NWForest LakeMN55025
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
Investment property for sale in Forest Lake at 379 3rd St NW, Forest Lake, MN, 55025 earns $88/mo cash flow from $2,419/mo rent with a $1,827/mo payment. Total monthly income totals $2,419/mo, and annual cash flow totals $1,057/yr on $123,749 capital. ROI tracks 20.76% on current figures, and rental yield reads 7.78% at a $373,300 purchase. Equity gained on principal adds $2,409/yr, and 5% annual appreciation supports $103,136 over five years. Five-year ROI reaches 107.53% and total cumulative return in cash sums $133,065. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,419/mo property income instead of your personal income.
Single Family
Built in 1978
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A