505 Lindberg DrCarltonMN55718
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 505 Lindberg Dr, Carlton, MN, 55718 in Carlton speaks for itself: 10.67% gross on a $290,000 price, generating $2,578/mo in rent and $767/mo in net income after the $1,304/mo debt service. DSCR 1.98, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,200 stacks alongside $80,122 in projected five-year appreciation and $2,671/yr in principal reduction. Projected total cumulative return: $159,416.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $767 | $600 |
City averages based on Carlton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,578 |
| Total Monthly Debt Service | $1,696 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55718, Carlton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,145 (78.3%) |
| Renter Occupied HU | 180 (12.3%) |
| Vacant Housing Units | 138 ( 9.4%) |
| Median Home Value | $322,017 |
| Average Home Value | $355,483 |
Housing Distribution
Address Breakdown
Residential
1,266
Single Family
1,158
Multi-Family
108
Businesses
101
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
Single Family
Built in 1957
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55718, Carlton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,145 (78.3%) |
| Renter Occupied HU | 180 (12.3%) |
| Vacant Housing Units | 138 ( 9.4%) |
| Median Home Value | $322,017 |
| Average Home Value | $355,483 |
Housing Distribution
Address Breakdown
Residential
1,266
Single Family
1,158
Multi-Family
108
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Hermanson • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6121154
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.