5855 Echo Point RdTowerMN55790
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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 Tower at 5855 Echo Point Rd, Tower, MN, 55790 with 5% annual appreciation on a $1,450,000 basis while $0/mo rent supports operations. 76% in year one. Equity gained on principal adds $9,357/yr, and five-year appreciation sums $400,608 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $7,097/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
2.50 Acres lot
$N/A/sqft
No HOA
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No similar rental properties found nearby.
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Listed by: Tim Lillquist • Edina Realty, Inc. - Virginia
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115889
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.