393 Phyllis StBig LakeMN55309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 393 Phyllis St, Big Lake, MN, 55309 in Big Lake is listed at $245,000 and delivers $2,176/mo in rent and $421/mo in net monthly cash flow. The 10.66% yield and 1.97 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $67,689 over five years, and $2,256/yr in principal reduction supplements cash return. Total projected cumulative return: $134,560.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.1% |
| Monthly Cash Flow | $421 | $350 |
City averages based on Big Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,176 |
| Total Monthly Debt Service | $1,432 |
| DSCR Ratio | 1.52x |
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 1998
3,049 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 1998
3,049 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