755 Norway Lake RdPine RiverMN56474
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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
Investment property for sale in Pine River at 755 Norway Lake Rd, Pine River, MN, 56474 offers a 10.26% rental yield on a $289,000 purchase with $2,470/mo rent. Total monthly income registers $2,470/mo, and a $1,415/mo payment leaves $665/mo available for distribution. Annual cash flow reaches $7,978/yr on $95,804 to close, and return on cash invested stands at 28.24% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 147.57% and total cumulative return in cash at $141,374. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,470/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56474, Pine River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 1,602 (53.5%) |
| Renter Occupied HU | 390 (13.0%) |
| Vacant Housing Units | 1,001 (33.4%) |
| Median Home Value | $320,339 |
| Average Home Value | $411,657 |
Housing Distribution
Address Breakdown
Residential
2,231
Single Family
2,109
Multi-Family
122
Businesses
170
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Listed by: Douglas Zaske • Heartland Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812854