40694 Wall StCrosslakeMN56442
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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 Crosslake at 40694 Wall St, Crosslake, MN, 56442 uses $132,567 cash to close to unlock $3,206/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $2,764/mo, and a $1,957/mo payment keeps the spread at $267/mo. Purchase price stands at $399,900, and rental yield measures 8.29% with $2,764/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 115.91% and total cumulative return in cash records $153,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,764/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 2006
4.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56442, Crosslake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,571 (100%) |
| Owner Occupied HU | 1,176 (32.9%) |
| Renter Occupied HU | 166 ( 4.6%) |
| Vacant Housing Units | 2,229 (62.4%) |
| Median Home Value | $676,515 |
| Average Home Value | $749,048 |
Housing Distribution
Address Breakdown
Residential
1,956
Single Family
1,809
Multi-Family
147
Businesses
201
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