40703 770th StLakefieldMN56150
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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
Investment Highlights
Investment property for sale in Lakefield at 40703 770th St, Lakefield, MN, 56150 listed at $260,000 pairs $2,399/mo rent with a $1,273/mo payment to leave $775/mo cash flow. Total monthly income runs $2,399/mo, and annual cash flow reaches $9,300/yr on $86,190 cash to close. Return on cash invested measures 30.7% in year one, and rental yield registers 11.07% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 160.77% and total cumulative return in cash totals $138,569. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,399/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
9.19 Acres 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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Nearby investment properties with comparable prices
Listed by: Randy Buntjer • Randy Buntjer Auction & Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6730567
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