423 4th St NWCass LakeMN56633
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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 Cass Lake at 423 4th St NW, Cass Lake, MN, 56633 generates $1,270/mo in rent and, after a $807/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,270/mo, and annual cash flow is $2,885/yr on $54,664 invested. Return on cash invested sits at 25.19% in year one, and rental yield is 9.24% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 131.24% and total cumulative return in cash sums $71,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,270/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
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