516 Grove AveMoose LakeMN55767
Nearby investment properties with comparable rents
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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
Rental property for sale in Moose Lake at 516 Grove Ave, Moose Lake, MN, 55767 priced at $289,900 converts $1,231/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,231/mo. Return on cash invested prints 12.67% in year one, and rental yield reads 5.1% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 64.14% and total cumulative return in cash sums $61,641. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,231/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55767, Moose Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,700 (100%) |
| Owner Occupied HU | 945 (55.6%) |
| Renter Occupied HU | 370 (21.8%) |
| Vacant Housing Units | 385 (22.6%) |
| Median Home Value | $270,122 |
| Average Home Value | $303,098 |
Housing Distribution
Address Breakdown
Residential
1,160
Single Family
1,030
Multi-Family
130
Businesses
140
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Nearby investment properties with comparable prices
Listed by: Blythe Thill • Coldwell Banker Realty - Duluth
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118096
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.