38305 County Road 4Lake GeorgeMN56458
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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
Rental property for sale in Lake George at 38305 County Road 4, Lake George, MN, 56458 generates $2,150/mo in rent, after a $2,006/mo payment. Total monthly income is $2,150/mo. Return on cash invested sits at 16.29% in year one, and rental yield is 6.29% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 83.53% and total cumulative return in cash sums $113,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,150/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
39.33 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
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Listed by: Team Cermak Real Estate Group • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6806818