408 Milwaukee StLakefieldMN56150
Nearby investment properties with comparable rents
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 408 Milwaukee St, Lakefield, MN, 56150 with 5% annual appreciation on a $123,000 basis while $944/mo rent supports operations. Total monthly income totals $944/mo and a $602/mo payment preserves $176/mo for cash returns. Annual cash flow comes to $2,111/yr on $40,775 deployed, and return on cash invested reaches 25.09% in year one. Equity gained on principal adds $794/yr, and five-year appreciation sums $33,983 alongside rental yield of 9.21%. Five-year ROI measures 130.67% and total cumulative return in cash totals $53,281.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $944/mo property income versus a $602/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices