7984 Bass Lake TrlLake ShoreMN56468
Nearby investment properties with comparable rents
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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 Lake Shore at 7984 Bass Lake Trl, Lake Shore, MN, 56468 priced at $674,900 converts $2,713/mo rent into after a $3,303/mo obligation. Total monthly income equals $2,713/mo. Return on cash invested prints 11.95% in year one, and rental yield reads 4.82% against a $674,900 entry. Equity gained on principal adds $4,355/yr, while 5% annual appreciation compiles into $186,462 by year five. Five-year ROI reaches 60.18% and total cumulative return in cash sums $133,627. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,713/mo property income covering a $3,303/mo payment, not borrower’s personal income.
Single Family
Built in 2016
1.91 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56468, Nisswa, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,053 (100%) |
| Owner Occupied HU | 1,897 (46.8%) |
| Renter Occupied HU | 238 ( 5.9%) |
| Vacant Housing Units | 1,918 (47.3%) |
| Median Home Value | $558,428 |
| Average Home Value | $611,129 |
Housing Distribution
Address Breakdown
Residential
2,828
Single Family
2,820
Multi-Family
8
Businesses
252
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Nearby investment properties with comparable prices
Listed by: Brian Wallin • Black Bear Real Estate
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6556257
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