387 Phyllis StBig LakeMN55309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 387 Phyllis St, Big Lake, MN, 55309 in Big Lake deserves attention. This $194,900 property earns $1,936/mo in rent, a 11.92% gross yield, and nets $519/mo after the $876/mo payment. DSCR 2.21 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $53,847 compounds alongside $1,795/yr in yearly equity build, for a total cumulative return of $120,244.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.1% |
| Monthly Cash Flow | $519 | $350 |
City averages based on Big Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,936 |
| Total Monthly Debt Service | $1,140 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1987
827.64 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55309, Big Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 6,483 (80.4%) |
| Renter Occupied HU | 1,017 (12.6%) |
| Vacant Housing Units | 564 ( 7.0%) |
| Median Home Value | $353,012 |
| Average Home Value | $388,552 |
Housing Distribution
Address Breakdown
Residential
7,870
Single Family
6,967
Multi-Family
903
Businesses
391
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
Townhouse
Built in 1987
827.64 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55309, Big Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 6,483 (80.4%) |
| Renter Occupied HU | 1,017 (12.6%) |
| Vacant Housing Units | 564 ( 7.0%) |
| Median Home Value | $353,012 |
| Average Home Value | $388,552 |
Housing Distribution
Address Breakdown
Residential
7,870
Single Family
6,967
Multi-Family
903
Businesses
391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices