425 Shorewood DrDetroit LakesMN56501
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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 Detroit Lakes at 425 Shorewood Dr, Detroit Lakes, MN, 56501 priced at $382,700 pairs $2,494/mo rent with $104/mo cash flow after a $1,873/mo payment. Total monthly income equals $2,494/mo, and annual cash flow comes to $1,252/yr on $126,865 invested. Return on cash invested is 20.9% in year one, and rental yield stands at 7.82% on a $382,700 basis. Equity gained on principal adds $2,470/yr, and 5% annual appreciation accumulates to $105,733 by year five. Five-year ROI measures 108.23% and total cumulative return in cash reaches $137,300. For financing, Ziffy Mortgage’s DSCR program evaluates $2,494/mo property income against a $1,873/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56501, Detroit Lakes, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,550 (100%) |
| Owner Occupied HU | 5,565 (52.7%) |
| Renter Occupied HU | 2,196 (20.8%) |
| Vacant Housing Units | 2,789 (26.4%) |
| Median Home Value | $357,335 |
| Average Home Value | $436,261 |
Housing Distribution
Address Breakdown
Residential
8,830
Single Family
7,427
Multi-Family
1,403
Businesses
614
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Listed by: N/A • N/A
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