39494 County Road 4Lake GeorgeMN56458
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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
Rental property for sale in Lake George at 39494 County Road 4, Lake George, MN, 56458 generates $0/mo in rent, after a $1,419/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.69% in year one, and rental yield is 0% on a $289,997 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,121 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
12.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56458, Lake George, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 290 (100%) |
| Owner Occupied HU | 155 (53.4%) |
| Renter Occupied HU | 13 ( 4.5%) |
| Vacant Housing Units | 122 (42.1%) |
| Median Home Value | $403,409 |
| Average Home Value | $409,048 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
12
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No similar rental properties found nearby.
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Listed by: Adam Smith • Grimes Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820780