38538 Walker Lake DrRichvilleMN56576
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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
Total monthly income runs $1,691/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 4.07% with $1,691/mo rent. Return on cash invested shows 9.57% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 47.5% and total cumulative return in cash records $78,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,691/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56576, Richville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 359 (36.5%) |
| Renter Occupied HU | 52 ( 5.3%) |
| Vacant Housing Units | 572 (58.2%) |
| Median Home Value | $416,154 |
| Average Home Value | $465,982 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
14
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