606 Kenilworth Ave SLanesboroMN55949
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.25% yield at 606 Kenilworth Ave S, Lanesboro, MN, 55949 in Lanesboro is solid, but the $1,259/mo payment compresses net cash flow to $178/mo at $280,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $77,359 by year five, and $2,579/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.53) without U.S. income documentation. Total projected return: $117,649.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.5% |
| Monthly Cash Flow | $178 | $650 |
City averages based on Lanesboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,926 |
| Total Monthly Debt Service | $1,637 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1928
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55949, Lanesboro, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 957 (100%) |
| Owner Occupied HU | 645 (67.4%) |
| Renter Occupied HU | 140 (14.6%) |
| Vacant Housing Units | 172 (18.0%) |
| Median Home Value | $291,923 |
| Average Home Value | $349,907 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
779
Multi-Family
49
Businesses
59
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
Single Family
Built in 1928
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55949, Lanesboro, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 957 (100%) |
| Owner Occupied HU | 645 (67.4%) |
| Renter Occupied HU | 140 (14.6%) |
| Vacant Housing Units | 172 (18.0%) |
| Median Home Value | $291,923 |
| Average Home Value | $349,907 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
779
Multi-Family
49
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices