509 Cedar DrLake CityMN55041
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
Investment property for sale in Lake City at 509 Cedar Dr, Lake City, MN, 55041 at $619,900 posts ROI 20.2% with $24/mo cash flow from $3,917/mo rent. Total monthly income equals $3,917/mo, and annual cash flow records $294/yr on $203,947 to close. Return on cash invested measures 20.2% and rental yield reads 7.58% at the current $619,900. Equity gained on principal adds $4,000/yr, and 5% annual appreciation supports $171,267 by year five. Five-year ROI prints 104.52% and total cumulative return in cash totals $213,164.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,917/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
7,840 sqft lot
$N/A/sqft
$260 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Travis Dunn • Freedom First Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6731682
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