505 W Nathan StLake CrystalMN56055
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 Crystal at 505 W Nathan St, Lake Crystal, MN, 56055 priced at $249,900 pairs $1,972/mo rent with $412/mo cash flow after a $1,223/mo payment. Total monthly income equals $1,972/mo, and annual cash flow comes to $4,940/yr on $82,842 invested. Return on cash invested is 25.87% in year one, and rental yield stands at 9.47% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 134.89% and total cumulative return in cash reaches $111,746. For financing, Ziffy Mortgage’s DSCR program evaluates $1,972/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1998
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56055, Lake Crystal, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,683 (100%) |
| Owner Occupied HU | 1,321 (78.5%) |
| Renter Occupied HU | 279 (16.6%) |
| Vacant Housing Units | 83 ( 4.9%) |
| Median Home Value | $286,137 |
| Average Home Value | $329,131 |
Housing Distribution
Address Breakdown
Residential
841
Single Family
769
Multi-Family
72
Businesses
71
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Listed by: JIM BEAL • Jbeal Real Estate Group
Mls Name: RASM
Mls ID: #7038710