506 6th AveRound LakeMN56167
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 506 6th Ave, Round Lake, MN, 56167 in Round Lake is priced for capital growth, not immediate cash flow. The $134,500 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $37,160 by year five, with $1,239/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 8.0% |
| Monthly Cash Flow | $0 | $600 |
City averages based on Round Lake market data in our database. Property projections are estimates.
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Holly Renee Sieve • Johnson Builders & Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6768677