605 13th St NMount LakeMN56159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mount Lake at 605 13th St N, Mount Lake, MN, 56159 offers a 7.39% rental yield on a $185,000 purchase with $1,140/mo rent. 55% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 101.03% and total cumulative return in cash at $61,959. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
9,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56159, Mountain Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 749 (68.0%) |
| Renter Occupied HU | 257 (23.3%) |
| Vacant Housing Units | 96 ( 8.7%) |
| Median Home Value | $188,508 |
| Average Home Value | $241,876 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
861
Multi-Family
95
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Frank • Reiner Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6735779
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