38720 S LndgCrosslakeMN56442
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
Rental property for sale in Crosslake at 38720 S Lndg, Crosslake, MN, 56442 generates $3,060/mo in rent, after a $5,849/mo payment. Total monthly income is $3,060/mo. Return on cash invested sits at 6.73% in year one, and rental yield is 3.07% on a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 32.12% and total cumulative return in cash sums $124,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,060/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56442, Crosslake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,571 (100%) |
| Owner Occupied HU | 1,176 (32.9%) |
| Renter Occupied HU | 166 ( 4.6%) |
| Vacant Housing Units | 2,229 (62.4%) |
| Median Home Value | $676,515 |
| Average Home Value | $749,048 |
Housing Distribution
Address Breakdown
Residential
1,956
Single Family
1,809
Multi-Family
147
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices