8396 Cherry StClear LakeMN55319
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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 Clear Lake at 8396 Cherry St, Clear Lake, MN, 55319 listed at $380,100 pairs $0/mo rent with a $1,860/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.69% in year one, and rental yield registers 0% at a $380,100 basis. Equity gained on principal adds $2,453/yr, and annual property appreciation at 5% supports $105,015 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,860/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55319, Clear Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,369 (100%) |
| Owner Occupied HU | 1,993 (84.1%) |
| Renter Occupied HU | 114 ( 4.8%) |
| Vacant Housing Units | 262 (11.1%) |
| Median Home Value | $384,697 |
| Average Home Value | $436,509 |
Housing Distribution
Address Breakdown
Residential
2,061
Single Family
2,044
Multi-Family
17
Businesses
61
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A