8098 Channel Vw APT 2Lake ShoreMN56468
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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
Total monthly income runs $2,243/mo, and a $2,936/mo payment. Purchase price stands at $599,900, and rental yield measures 4.49% with $2,243/mo rent. Return on cash invested shows 10.92% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 54.72% and total cumulative return in cash records $107,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,243/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Townhouse
Built in 1979
4.27 Acres 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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Listed by: Brent Anderson • RE/MAX Results - Nisswa
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6738768