38779 Dead Lake RdRichvilleMN56576
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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
Investment property for sale in Richville at 38779 Dead Lake Rd, Richville, MN, 56576 listed at $1,095,000 pairs $2,296/mo rent with a $5,359/mo payment. Total monthly income runs $2,296/mo. Return on cash invested measures 5.01% in year one, and rental yield registers 2.52% at a $1,095,000 basis. Equity gained on principal adds $7,066/yr, and annual property appreciation at 5% supports $302,528 by year five. Five-year ROI tracks 22.92% and total cumulative return in cash totals $81,322. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,296/mo property income relative to a $5,359/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
29.35 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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