506 6th AveRound LakeMN56167
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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 Round Lake at 506 6th Ave, Round Lake, MN, 56167 offers a 0% rental yield on a $134,500 purchase with $0/mo rent. 69% in year one. Equity gained on principal adds $868/yr while 5% annual appreciation supports $37,160 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $658/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1974
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56167, Round Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 301 (100%) |
| Owner Occupied HU | 221 (73.4%) |
| Renter Occupied HU | 43 (14.3%) |
| Vacant Housing Units | 37 (12.3%) |
| Median Home Value | $231,977 |
| Average Home Value | $279,186 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
247
Multi-Family
14
Businesses
16
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No similar rental properties found nearby.
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Listed by: Holly Renee Sieve • Johnson Builders & Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6768677