505 Lindberg DrCarltonMN55718
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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
Investment property for sale in Carlton at 505 Lindberg Dr, Carlton, MN, 55718 uses $96,135 cash to close to unlock $9,210/yr annual cash flow and $768/mo monthly cash flow. Total monthly income runs $2,578/mo, and a $1,419/mo payment keeps the spread at $768/mo. Purchase price stands at $290,000, and rental yield measures 10.67% with $2,578/mo rent. Return on cash invested shows 29.49% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 154.3% and total cumulative return in cash records $148,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,578/mo property income covering a $1,419/mo payment rather than investor’s personal income.
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
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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.