421 1st StMoose LakeMN55767
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 Moose Lake at 421 1st St, Moose Lake, MN, 55767 uses $82,842 cash to close to unlock $9,004/yr annual cash flow and $750/mo monthly cash flow. Total monthly income runs $2,364/mo, and a $1,223/mo payment keeps the spread at $750/mo. Purchase price stands at $249,900, and rental yield measures 11.35% with $2,364/mo rent. Return on cash invested shows 30.78% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 161.52% and total cumulative return in cash records $133,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,364/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1941
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55767, Moose Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,700 (100%) |
| Owner Occupied HU | 945 (55.6%) |
| Renter Occupied HU | 370 (21.8%) |
| Vacant Housing Units | 385 (22.6%) |
| Median Home Value | $270,122 |
| Average Home Value | $303,098 |
Housing Distribution
Address Breakdown
Residential
1,160
Single Family
1,030
Multi-Family
130
Businesses
140
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Nearby investment properties with comparable prices
Listed by: Abby Kahara • Think Minnesota Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116115
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.