709 Rochelle Ave SLanesboroMN55949
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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 Lanesboro at 709 Rochelle Ave S, Lanesboro, MN, 55949 uses $62,952 cash to close to unlock $7,844/yr annual cash flow and $654/mo monthly cash flow. Total monthly income runs $1,839/mo, and a $929/mo payment keeps the spread at $654/mo. Purchase price stands at $189,900, and rental yield measures 11.62% with $1,839/mo rent. Return on cash invested shows 32.37% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 169.74% and total cumulative return in cash records $106,853. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,839/mo property income covering a $929/mo payment rather than investor’s personal income.
Multi Family
Built in 1946
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55949, Lanesboro, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 957 (100%) |
| Owner Occupied HU | 645 (67.4%) |
| Renter Occupied HU | 140 (14.6%) |
| Vacant Housing Units | 172 (18.0%) |
| Median Home Value | $291,923 |
| Average Home Value | $349,907 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
779
Multi-Family
49
Businesses
59
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