815 Otter Lake RdHovlandMN55606
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 Hovland at 815 Otter Lake Rd, Hovland, MN, 55606 priced at $469,900 pairs $2,180/mo rent with after a $2,300/mo payment. Total monthly income equals $2,180/mo. Return on cash invested is 14.1% in year one, and rental yield stands at 5.57% on a $469,900 basis. Equity gained on principal adds $3,032/yr, and 5% annual appreciation accumulates to $129,825 by year five. Five-year ROI measures 71.75% and total cumulative return in cash reaches $111,770. For financing, Ziffy Mortgage’s DSCR program evaluates $2,180/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55606, Hovland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 340 (100%) |
| Owner Occupied HU | 94 (27.6%) |
| Renter Occupied HU | 22 ( 6.5%) |
| Vacant Housing Units | 224 (65.9%) |
| Median Home Value | $368,750 |
| Average Home Value | $445,106 |
Housing Distribution
Address Breakdown
Residential
54
Single Family
54
Multi-Family
0
Businesses
8
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Nearby investment properties with comparable prices
Listed by: Virginia Detrick Palmer • Coldwell Banker North Shore
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119796
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.