691 Lakeshore DrOrtonvilleMN56278
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 691 Lakeshore Dr, Ortonville, MN, 56278 in Ortonville worth study. Rental yield 5.95%. The 5.95% gross yield is below cash-flow benchmarks at $385,000, but 5% annual appreciation, adding $106,368 over five years, frames this as a capital growth position. Rent of $1,909/mo partially offsets the $1,731/mo payment. Ziffy Mortgage finances appreciation-play properties (1.10 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $114,280.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 6.0% |
| Monthly Cash Flow | $(495) | $350 |
City averages based on Ortonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,909 |
| Total Monthly Debt Service | $2,251 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1928
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56278, Ortonville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,537 (100%) |
| Owner Occupied HU | 817 (53.2%) |
| Renter Occupied HU | 324 (21.1%) |
| Vacant Housing Units | 396 (25.8%) |
| Median Home Value | $173,476 |
| Average Home Value | $222,632 |
Housing Distribution
Address Breakdown
Residential
1,275
Single Family
1,135
Multi-Family
140
Businesses
189
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
Single Family
Built in 1928
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56278, Ortonville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,537 (100%) |
| Owner Occupied HU | 817 (53.2%) |
| Renter Occupied HU | 324 (21.1%) |
| Vacant Housing Units | 396 (25.8%) |
| Median Home Value | $173,476 |
| Average Home Value | $222,632 |
Housing Distribution
Address Breakdown
Residential
1,275
Single Family
1,135
Multi-Family
140
Businesses
189
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elli Grabow - Fischer • THE REALTY TEAM
Mls Name: Northeast South Dakota BOR
Mls ID: #24-7037
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.