518 Cherry StLakefieldMN56150
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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 Lakefield at 518 Cherry St, Lakefield, MN, 56150 uses $51,349 cash to close to unlock $3,287/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,241/mo, and a $758/mo payment keeps the spread at $274/mo. Purchase price stands at $154,900, and rental yield measures 9.61% with $1,241/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 137.22% and total cumulative return in cash records $70,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,241/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1974
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56150, Lakefield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,316 (100%) |
| Owner Occupied HU | 963 (73.2%) |
| Renter Occupied HU | 191 (14.5%) |
| Vacant Housing Units | 162 (12.3%) |
| Median Home Value | $165,170 |
| Average Home Value | $220,247 |
Housing Distribution
Address Breakdown
Residential
771
Single Family
730
Multi-Family
41
Businesses
101
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