7192 W Highway 61 #24TofteMN55615
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.62% gross rental yield, 7192 W Highway 61 #24, Tofte, MN, 55615 in Tofte is priced for capital growth, not immediate cash flow. The $420,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $116,038 by year five, with $3,868/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.67) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $33,385.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.6% | 6.2% |
| Monthly Cash Flow | $(2,000) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,267 |
| Total Monthly Debt Service | $3,101 |
| DSCR Ratio | 0.41x |
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.
Condo
Built in 1988
871.20 sqft lot
$N/A/sqft
$645 monthly HOA
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
Condo
Built in 1988
871.20 sqft lot
$N/A/sqft
$645 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Frost • Coldwell Banker North Shore
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119797
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.