416 Plum StLakefieldMN56150
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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 416 Plum St, Lakefield, MN, 56150 generates $1,223/mo in rent and, after a $768/mo payment, leaves $243/mo in cash flow. Total monthly income is $1,223/mo, and annual cash flow is $2,917/yr on $52,046 invested. Return on cash invested sits at 25.51% in year one, and rental yield is 9.35% on a $157,000 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 133.05% and total cumulative return in cash sums $69,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,223/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,969 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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