879 17th St SEForest LakeMN55025
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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 Forest Lake at 879 17th St SE, Forest Lake, MN, 55025 uses $105,749 cash to close to unlock $4,900/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,561/mo payment keeps the spread at $408/mo. Purchase price stands at $319,000, and rental yield measures 9.03% with $2,400/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 127.79% and total cumulative return in cash records $135,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
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Listed by: Christopher Stjernholm • Trelora Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770690