403 Broadway AveLakefieldMN56150
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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 Lakefield at 403 Broadway Ave, Lakefield, MN, 56150 priced at $129,900 pairs $988/mo rent with $177/mo cash flow after a $636/mo payment. Total monthly income equals $988/mo, and annual cash flow comes to $2,120/yr on $43,062 invested. Return on cash invested is 24.83% in year one, and rental yield stands at 9.13% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 129.35% and total cumulative return in cash reaches $55,699. For financing, Ziffy Mortgage’s DSCR program evaluates $988/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
5,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56150, Lakefield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,316 (100%) |
| Owner Occupied HU | 963 (73.2%) |
| Renter Occupied HU | 191 (14.5%) |
| Vacant Housing Units | 162 (12.3%) |
| Median Home Value | $165,170 |
| Average Home Value | $220,247 |
Housing Distribution
Address Breakdown
Residential
771
Single Family
730
Multi-Family
41
Businesses
101
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