620 11th St NMountain 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 Mountain Lake at 620 11th St N, Mountain Lake, MN, 56159 offers a 9.46% rental yield on a $188,500 purchase with $1,486/mo rent. Total monthly income registers $1,486/mo, and a $923/mo payment leaves $309/mo available for distribution. Annual cash flow reaches $3,702/yr on $62,488 to close, and return on cash invested stands at 25.83% in year one. Equity gained on principal adds $1,216/yr while 5% annual appreciation supports $52,079 over five years. Portfolio math shows five-year ROI at 134.73% and total cumulative return in cash at $84,189. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,486/mo property income against a $923/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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
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Listed by: Brad Hanson • Hanson Agency
Mls Name: My State MLS
Mls ID: #11562333