709 Lakeshore DrOrtonvilleMN56278
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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 Ortonville at 709 Lakeshore Dr, Ortonville, MN, 56278 offers a 6.12% rental yield on a $385,000 purchase with $1,962/mo rent. 76% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 80.66% and total cumulative return in cash at $102,946. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,962/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
871.20 sqft 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
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Listed by: Jonathan Hartman • Shady Oak Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6790433