402 Rohrer StRound LakeMN56167
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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 Round Lake at 402 Rohrer St, Round Lake, MN, 56167 uses $38,123 cash to close to unlock $2,217/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $903/mo, and a $563/mo payment keeps the spread at $185/mo. Purchase price stands at $115,000, and rental yield measures 9.42% with $903/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 134.12% and total cumulative return in cash records $51,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $903/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1933
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56167, Round Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 301 (100%) |
| Owner Occupied HU | 221 (73.4%) |
| Renter Occupied HU | 43 (14.3%) |
| Vacant Housing Units | 37 (12.3%) |
| Median Home Value | $231,977 |
| Average Home Value | $279,186 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
247
Multi-Family
14
Businesses
16
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Listed by: Phillip Willardson • Johnson Builders & Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7014182