46 White Sky TrlLutsenMN55612
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
Rental property for sale in Lutsen at 46 White Sky Trl, Lutsen, MN, 55612 priced at $899,900 converts $1,878/mo rent into after a $4,405/mo obligation. Total monthly income equals $1,878/mo. Return on cash invested prints 4.89% in year one, and rental yield reads 2.5% against a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation compiles into $248,626 by year five. Five-year ROI reaches 22.37% and total cumulative return in cash sums $66,244. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,878/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 1940
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55612, Lutsen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 728 (100%) |
| Owner Occupied HU | 204 (28.0%) |
| Renter Occupied HU | 43 ( 5.9%) |
| Vacant Housing Units | 481 (66.1%) |
| Median Home Value | $420,455 |
| Average Home Value | $442,169 |
Housing Distribution
Address Breakdown
Residential
93
Single Family
93
Multi-Family
0
Businesses
42
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Nearby investment properties with comparable prices
Listed by: Virginia Detrick Palmer • Coldwell Banker North Shore
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119871
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.