6764 Broadway Ave NEForest LakeMN55025
Nearby investment properties with comparable rents
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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
Rental property for sale in Forest Lake at 6764 Broadway Ave NE, Forest Lake, MN, 55025 generates $2,504/mo in rent, after a $3,059/mo payment. Total monthly income is $2,504/mo. Return on cash invested sits at 11.9% in year one, and rental yield is 4.81% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 59.93% and total cumulative return in cash sums $123,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,504/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
7.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
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Listed by: Theodore Engen • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6752606