708 Chief Boyd Dr NECass LakeMN56633
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
Rental property for sale in Cass Lake at 708 Chief Boyd Dr NE, Cass Lake, MN, 56633 priced at $115,000 pairs $2,083/mo rent with $1,365/mo cash flow after a $563/mo payment. Total monthly income equals $2,083/mo, and annual cash flow comes to $16,377/yr on $38,123 invested. Return on cash invested is 62.87% in year one, and rental yield stands at 21.74% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 333.28% and total cumulative return in cash reaches $127,053. For financing, Ziffy Mortgage’s DSCR program evaluates $2,083/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
4.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56633, Cass Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,084 (47.5%) |
| Renter Occupied HU | 486 (21.3%) |
| Vacant Housing Units | 714 (31.3%) |
| Median Home Value | $278,846 |
| Average Home Value | $310,085 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,345
Multi-Family
52
Businesses
122
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Nearby investment properties with comparable prices
Listed by: Jill Larson • Headwaters Realty Services LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6739193
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