5955 84th Ln NLorettoMN55357
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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 Loretto at 5955 84th Ln N, Loretto, MN, 55357 generates $2,862/mo in rent, after a $9,300/mo payment. Total monthly income is $2,862/mo. Return on cash invested sits at 2.82% in year one, and rental yield is 1.81% on a $1,900,000 entry. Equity gained on principal adds $12,260/yr, while 5% annual appreciation builds toward $524,935 over five years. Five-year ROI reaches 11.17% and total cumulative return in cash sums $68,787. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,862/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
4.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55357, Loretto, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,114 (100%) |
| Owner Occupied HU | 980 (88.0%) |
| Renter Occupied HU | 92 ( 8.3%) |
| Vacant Housing Units | 42 ( 3.8%) |
| Median Home Value | $643,919 |
| Average Home Value | $699,258 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,170
Multi-Family
24
Businesses
111
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