67488 Busties Lake AccessEffieMN56639
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Effie at 67488 Busties Lake Access, Effie, MN, 56639 offers a 11.35% rental yield on a $204,000 purchase with $1,930/mo rent. Total monthly income registers $1,930/mo, and a $998/mo payment leaves $657/mo available for distribution. Annual cash flow reaches $7,879/yr on $67,626 to close, and return on cash invested stands at 31.56% in year one. Equity gained on principal adds $1,316/yr while 5% annual appreciation supports $56,361 over five years. Portfolio math shows five-year ROI at 165.42% and total cumulative return in cash at $111,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,930/mo property income against a $998/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56639, Effie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 164 (38.9%) |
| Renter Occupied HU | 45 (10.7%) |
| Vacant Housing Units | 213 (50.5%) |
| Median Home Value | $333,333 |
| Average Home Value | $471,372 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
210
Multi-Family
0
Businesses
12
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