6554 W Highway 61 #3030TofteMN55615
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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 Tofte at 6554 W Highway 61 #3030, Tofte, MN, 55615 listed at $500,000 pairs $1,386/mo rent with a $2,447/mo payment. Total monthly income runs $1,386/mo. Return on cash invested measures 1.46% in year one, and rental yield registers 3.33% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 6.12% and total cumulative return in cash totals $10,136. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,386/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
1,306 sqft lot
$N/A/sqft
$812 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Daniel Desrochers • eXp Realty, LLC- MN
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119598
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.