8129 Griffith Ave NWMaple LakeMN55358
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 Maple Lake at 8129 Griffith Ave NW, Maple Lake, MN, 55358 priced at $272,500 pairs $2,599/mo rent with $897/mo cash flow after a $1,334/mo payment. Total monthly income equals $2,599/mo, and annual cash flow comes to $10,766/yr on $90,334 invested. Return on cash invested is 31.83% in year one, and rental yield stands at 11.45% on a $272,500 basis. Equity gained on principal adds $1,758/yr, and 5% annual appreciation accumulates to $75,287 by year five. Five-year ROI measures 166.87% and total cumulative return in cash reaches $150,738. For financing, Ziffy Mortgage’s DSCR program evaluates $2,599/mo property income against a $1,334/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55358, Maple Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,545 (100%) |
| Owner Occupied HU | 1,838 (72.2%) |
| Renter Occupied HU | 261 (10.3%) |
| Vacant Housing Units | 446 (17.5%) |
| Median Home Value | $405,629 |
| Average Home Value | $467,451 |
Housing Distribution
Address Breakdown
Residential
2,062
Single Family
1,968
Multi-Family
94
Businesses
141
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Listed by: Benjamin C Dzurik • Keller Williams Premier Realty Lake Minnetonka
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811951