649 Luiken St #1Lake CrystalMN56055
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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 Lake Crystal at 649 Luiken St #1, Lake Crystal, MN, 56055 offers a 11.59% rental yield on a $329,900 purchase with $3,187/mo rent. Total monthly income registers $3,187/mo, and a $1,615/mo payment leaves $1,127/mo available for distribution. Annual cash flow reaches $13,520/yr on $109,362 to close, and return on cash invested stands at 32.27% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 169.21% and total cumulative return in cash at $185,055. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,187/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56055, Lake Crystal, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,683 (100%) |
| Owner Occupied HU | 1,321 (78.5%) |
| Renter Occupied HU | 279 (16.6%) |
| Vacant Housing Units | 83 ( 4.9%) |
| Median Home Value | $286,137 |
| Average Home Value | $329,131 |
Housing Distribution
Address Breakdown
Residential
841
Single Family
769
Multi-Family
72
Businesses
71
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Listed by: Jackie Graham • True Real Estate
Mls Name: RASM
Mls ID: #7039113