5864 Murphy Lake RdBrimsonMN55602
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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 Brimson at 5864 Murphy Lake Rd, Brimson, MN, 55602 offers $1,344/mo rent that, after a $514/mo payment, leaves $688/mo cash flow. Total monthly income is $1,344/mo, and annual cash flow is $8,259/yr on $34,808 cash. Return on cash invested measures 43.64% in year one, and rental yield stands at 15.36% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 230.27% and total cumulative return in cash reaches $80,150. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,344/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55602, Brimson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 434 (100%) |
| Owner Occupied HU | 121 (27.9%) |
| Renter Occupied HU | 7 ( 1.6%) |
| Vacant Housing Units | 306 (70.5%) |
| Median Home Value | $354,348 |
| Average Home Value | $411,818 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
5
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Listed by: Jarett Mickelson • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116311
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.