670 Cliffhouse Rd #1TofteMN55615
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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 670 Cliffhouse Rd #1, Tofte, MN, 55615 offers a 0% rental yield on a $649,900 purchase with $0/mo rent. 39% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,555 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
0.83 Acres lot
$N/A/sqft
$655 monthly HOA
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No similar rental properties found nearby.
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Listed by: Mike Larson • Lutsen Real Estate Group
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118769
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.