89042 Oak Hill RdSturgeon LakeMN55783
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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 Sturgeon Lake at 89042 Oak Hill Rd, Sturgeon Lake, MN, 55783 offers a 0% rental yield on a $495,000 purchase with $0/mo rent. 7% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55783, Sturgeon Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,910 (100%) |
| Owner Occupied HU | 958 (50.2%) |
| Renter Occupied HU | 140 ( 7.3%) |
| Vacant Housing Units | 812 (42.5%) |
| Median Home Value | $289,179 |
| Average Home Value | $338,800 |
Housing Distribution
Address Breakdown
Residential
1,062
Single Family
1,062
Multi-Family
0
Businesses
45
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Listed by: Corrine Hobbs • Edina Realty, Inc. - Duluth
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115881
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.