623 N Griffin StLakefieldMN56150
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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
Investment property for sale in Lakefield at 623 N Griffin St, Lakefield, MN, 56150 at $161,700 posts ROI 51.62% with $1,417/mo cash flow from $2,426/mo rent. Total monthly income equals $2,426/mo, and annual cash flow records $17,000/yr on $53,604 to close. Return on cash invested measures 51.62% and rental yield reads 18% at the current $161,700. Equity gained on principal adds $1,043/yr, and 5% annual appreciation supports $44,675 by year five. Five-year ROI prints 273.02% and total cumulative return in cash totals $146,347.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,426/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1895
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56150, Lakefield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,316 (100%) |
| Owner Occupied HU | 963 (73.2%) |
| Renter Occupied HU | 191 (14.5%) |
| Vacant Housing Units | 162 (12.3%) |
| Median Home Value | $165,170 |
| Average Home Value | $220,247 |
Housing Distribution
Address Breakdown
Residential
771
Single Family
730
Multi-Family
41
Businesses
101
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