470 1st St WLake LillianMN56253
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 Lake Lillian at 470 1st St W, Lake Lillian, MN, 56253 priced at $114,999 converts $1,108/mo rent into $390/mo cash flow after a $563/mo obligation. Total monthly income equals $1,108/mo, and annual cash flow totals $4,677/yr on $38,122 invested. Return on cash invested prints 32.18% in year one, and rental yield reads 11.56% against a $114,999 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 168.71% and total cumulative return in cash sums $64,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,108/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1917
0.24 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56253, Lake Lillian, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 367 (57.3%) |
| Renter Occupied HU | 66 (10.3%) |
| Vacant Housing Units | 207 (32.3%) |
| Median Home Value | $307,333 |
| Average Home Value | $336,069 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Jason Dowdey • Weichert REALTORS Tower Properties
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6602272
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