43870 Balsam RdSturgeon lakeMN55783
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 Sturgeon lake at 43870 Balsam Rd, Sturgeon lake, MN, 55783 earns from $1,508/mo rent with a $3,096/mo payment. Total monthly income totals $1,508/mo. ROI tracks 5.98% on current figures, and rental yield reads 2.86% at a $632,500 purchase. Equity gained on principal adds $4,081/yr, and 5% annual appreciation supports $174,748 over five years. Five-year ROI reaches 28.19% and total cumulative return in cash sums $58,671. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,508/mo property income instead of your personal income.
Single Family
Built in 2007
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55783, Sturgeon Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,910 (100%) |
| Owner Occupied HU | 958 (50.2%) |
| Renter Occupied HU | 140 ( 7.3%) |
| Vacant Housing Units | 812 (42.5%) |
| Median Home Value | $289,179 |
| Average Home Value | $338,800 |
Housing Distribution
Address Breakdown
Residential
1,062
Single Family
1,062
Multi-Family
0
Businesses
45
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Nearby investment properties with comparable prices
Listed by: Amy Perrine • NextHome Perrine & Associates
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118332
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 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.