609 6th StMoose LakeMN55767
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Moose Lake rental at 609 6th St, Moose Lake, MN, 55767 sits in the solid-income band: 9.61% gross yield, $1,353/mo rent, $298/mo net after the $760/mo debt service, DSCR 1.78. Entry price of $169,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $46,692 and $1,557/yr in principal reduction bring total cumulative return to $83,275.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.2% |
| Monthly Cash Flow | $298 | $350 |
City averages based on Moose Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,353 |
| Total Monthly Debt Service | $988 |
| DSCR Ratio | 1.37x |
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 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55767, Moose Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,700 (100%) |
| Owner Occupied HU | 945 (55.6%) |
| Renter Occupied HU | 370 (21.8%) |
| Vacant Housing Units | 385 (22.6%) |
| Median Home Value | $270,122 |
| Average Home Value | $303,098 |
Housing Distribution
Address Breakdown
Residential
1,160
Single Family
1,030
Multi-Family
130
Businesses
140
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 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55767, Moose Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,700 (100%) |
| Owner Occupied HU | 945 (55.6%) |
| Renter Occupied HU | 370 (21.8%) |
| Vacant Housing Units | 385 (22.6%) |
| Median Home Value | $270,122 |
| Average Home Value | $303,098 |
Housing Distribution
Address Breakdown
Residential
1,160
Single Family
1,030
Multi-Family
130
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elena Omirova Davidson • NextHome Perrine & Associates Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6748473