6719 Palm StLino LakesMN55038
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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 Lino Lakes at 6719 Palm St, Lino Lakes, MN, 55038 uses $176,015 cash to close to unlock $15,321/yr annual cash flow and $1,277/mo monthly cash flow. Total monthly income runs $4,618/mo, and a $2,619/mo payment keeps the spread at $1,277/mo. Purchase price stands at $535,000, and rental yield measures 10.36% with $4,618/mo rent. Return on cash invested shows 28.76% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 150.37% and total cumulative return in cash records $264,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,618/mo property income covering a $2,619/mo payment rather than investor’s personal income.
Single Family
Built in 2016
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55038, Hugo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,055 (100%) |
| Owner Occupied HU | 8,931 (88.8%) |
| Renter Occupied HU | 868 ( 8.6%) |
| Vacant Housing Units | 256 ( 2.5%) |
| Median Home Value | $484,067 |
| Average Home Value | $520,211 |
Housing Distribution
Address Breakdown
Residential
9,910
Single Family
9,782
Multi-Family
128
Businesses
380
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Listed by: Bre Larson • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008728