556 W Broadway AveForest LakeMN55025
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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 Forest Lake at 556 W Broadway Ave, Forest Lake, MN, 55025 with 5% annual appreciation on a $260,000 basis while $1,736/mo rent supports operations. Total monthly income totals $1,736/mo and a $1,273/mo payment preserves $112/mo for cash returns. Annual cash flow comes to $1,344/yr on $86,190 deployed, and return on cash invested reaches 21.47% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 8.01%. Five-year ROI measures 111.28% and total cumulative return in cash totals $95,909.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,736/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
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Listed by: Jonathan Soto • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7009519