827 N Garden StLake CityMN55041
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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
Investment property for sale in Lake City at 827 N Garden St, Lake City, MN, 55041 uses $82,842 cash to close to unlock $4,244/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,223/mo payment keeps the spread at $354/mo. Purchase price stands at $249,900, and rental yield measures 9.19% with $1,914/mo rent. Return on cash invested shows 25.03% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 130.39% and total cumulative return in cash records $108,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1890
10,628 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
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