7306 24th AveLino LakesMN55038
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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 Lino Lakes at 7306 24th Ave, Lino Lakes, MN, 55038 generates $3,870/mo in rent, after a $6,608/mo payment. Total monthly income is $3,870/mo. Return on cash invested sits at 7.86% in year one, and rental yield is 3.44% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 38.2% and total cumulative return in cash sums $167,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,870/mo property income rather than buyer’s personal income.
Single Family
Built in 1901
10.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55038, Hugo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,055 (100%) |
| Owner Occupied HU | 8,931 (88.8%) |
| Renter Occupied HU | 868 ( 8.6%) |
| Vacant Housing Units | 256 ( 2.5%) |
| Median Home Value | $484,067 |
| Average Home Value | $520,211 |
Housing Distribution
Address Breakdown
Residential
9,910
Single Family
9,782
Multi-Family
128
Businesses
380
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Listed by: Sarah A Deziel • BRIX Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6816066