8346 Lamont Ave NEOtsegoMN55330
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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
Rental property for sale in Otsego at 8346 Lamont Ave NE, Otsego, MN, 55330 priced at $520,920 converts $3,169/mo rent into after a $2,550/mo obligation. Total monthly income equals $3,169/mo. Return on cash invested prints 19.47% in year one, and rental yield reads 7.3% against a $520,920 entry. Equity gained on principal adds $3,361/yr, while 5% annual appreciation compiles into $143,921 by year five. Five-year ROI reaches 100.54% and total cumulative return in cash sums $172,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,169/mo property income covering a $2,550/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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