5017 Imhoff Ave SWHoward LakeMN55349
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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
Total monthly income runs $2,518/mo, and a $4,160/mo payment. Purchase price stands at $849,900, and rental yield measures 3.56% with $2,518/mo rent. Return on cash invested shows 8.09% in year one, and 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 39.5% and total cumulative return in cash records $110,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,518/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Single Family
Built in 1996
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55349, Howard Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,366 (75.1%) |
| Renter Occupied HU | 327 (18.0%) |
| Vacant Housing Units | 127 ( 7.0%) |
| Median Home Value | $426,106 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
1,253
Single Family
1,109
Multi-Family
144
Businesses
100
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Listed by: Vanderlinde Group • Vanderlinde Group | Edge Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6740158