7524 Norway LnLino LakesMN55038
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 Lino Lakes at 7524 Norway Ln, Lino Lakes, MN, 55038 priced at $541,415 converts $4,618/mo rent into $1,237/mo cash flow after a $2,650/mo obligation. Total monthly income equals $4,618/mo, and annual cash flow totals $14,845/yr on $178,126 invested. Return on cash invested prints 28.39% in year one, and rental yield reads 10.24% against a $541,415 entry. Equity gained on principal adds $3,494/yr, while 5% annual appreciation compiles into $149,583 by year five. Five-year ROI reaches 148.41% and total cumulative return in cash sums $264,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,618/mo property income covering a $2,650/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A 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: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A