4973 Spirit Lake DrMountain IronMN55768
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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 Mountain Iron at 4973 Spirit Lake Dr, Mountain Iron, MN, 55768 earns from $1,048/mo rent with a $1,268/mo payment. Total monthly income totals $1,048/mo. ROI tracks 11.95% on current figures, and rental yield reads 4.86% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 60.27% and total cumulative return in cash sums $51,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,048/mo property income instead of your personal income.
Single Family
Built in 1972
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55768, Mountain Iron, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 893 (65.4%) |
| Renter Occupied HU | 377 (27.6%) |
| Vacant Housing Units | 96 ( 7.0%) |
| Median Home Value | $262,852 |
| Average Home Value | $326,092 |
Housing Distribution
Address Breakdown
Residential
1,161
Single Family
915
Multi-Family
246
Businesses
53
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Listed by: Karen Gessell • COLDWELL BANKER NORTHWOODS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6758656