728 Lathrop DrNorthfieldMN55057
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
Investment property for sale in Northfield at 728 Lathrop Dr, Northfield, MN, 55057 listed at $354,900 pairs $2,364/mo rent with a $1,737/mo payment to leave $148/mo cash flow. Total monthly income runs $2,364/mo, and annual cash flow reaches $1,775/yr on $117,649 cash to close. Return on cash invested measures 21.42% in year one, and rental yield registers 7.99% at a $354,900 basis. Equity gained on principal adds $2,290/yr, and annual property appreciation at 5% supports $98,052 by year five. Five-year ROI tracks 111% and total cumulative return in cash totals $130,588. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,364/mo property income relative to a $1,737/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Mergens • Century 21 Atwood
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794070