5309 Howard Lake Rd NWAkeleyMN56433
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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 Akeley at 5309 Howard Lake Rd NW, Akeley, MN, 56433 generates $2,502/mo in rent, after a $2,325/mo payment. Total monthly income is $2,502/mo. Return on cash invested sits at 16.37% in year one, and rental yield is 6.32% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 83.94% and total cumulative return in cash sums $132,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56433, Akeley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 753 (51.7%) |
| Renter Occupied HU | 139 ( 9.5%) |
| Vacant Housing Units | 564 (38.7%) |
| Median Home Value | $349,662 |
| Average Home Value | $401,059 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
709
Multi-Family
20
Businesses
36
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