718 9th St NMountain LakeMN56159
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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 Mountain Lake at 718 9th St N, Mountain Lake, MN, 56159 generates $1,058/mo in rent and, after a $648/mo payment, leaves $216/mo in cash flow. Total monthly income is $1,058/mo, and annual cash flow is $2,597/yr on $43,857 invested. Return on cash invested sits at 25.83% in year one, and rental yield is 9.6% on a $132,300 entry. Equity gained on principal adds $854/yr, while 5% annual appreciation builds toward $36,552 over five years. Five-year ROI reaches 134.88% and total cumulative return in cash sums $59,153. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,058/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56159, Mountain Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 749 (68.0%) |
| Renter Occupied HU | 257 (23.3%) |
| Vacant Housing Units | 96 ( 8.7%) |
| Median Home Value | $188,508 |
| Average Home Value | $241,876 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
861
Multi-Family
95
Businesses
85
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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