802 9th Ave SWForest LakeMN55025
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
Investment property for sale in Forest Lake at 802 9th Ave SW, Forest Lake, MN, 55025 uses $86,190 cash to close to unlock $2,904/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,866/mo, and a $1,273/mo payment keeps the spread at $242/mo. Purchase price stands at $260,000, and rental yield measures 8.61% with $1,866/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 120.97% and total cumulative return in cash records $104,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,866/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.17 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Stang, GRI • Carriage Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6813675