735 Harrison DrBig LakeMN55309
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
Rental property for sale in Big Lake at 735 Harrison Dr, Big Lake, MN, 55309 priced at $350,000 converts $2,882/mo rent into $697/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,882/mo, and annual cash flow totals $8,358/yr on $116,025 invested. Return on cash invested prints 27.11% in year one, and rental yield reads 9.88% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 141.55% and total cumulative return in cash sums $164,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,882/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2004
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55309, Big Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 6,483 (80.4%) |
| Renter Occupied HU | 1,017 (12.6%) |
| Vacant Housing Units | 564 ( 7.0%) |
| Median Home Value | $353,012 |
| Average Home Value | $388,552 |
Housing Distribution
Address Breakdown
Residential
7,870
Single Family
6,967
Multi-Family
903
Businesses
391
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Nearby investment properties with comparable prices
Listed by: Jill M Erlandson • Keller Williams Integrity NW
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6688855
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