8980 Grace Ln NLorettoMN55357
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Loretto at 8980 Grace Ln N, Loretto, MN, 55357 priced at $212,900 converts $2,123/mo rent into $794/mo cash flow after a $1,042/mo obligation. Total monthly income equals $2,123/mo, and annual cash flow totals $9,523/yr on $70,576 invested. Return on cash invested prints 33.4% in year one, and rental yield reads 11.97% against a $212,900 entry. Equity gained on principal adds $1,374/yr, while 5% annual appreciation compiles into $58,820 by year five. Five-year ROI reaches 175.29% and total cumulative return in cash sums $123,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,123/mo property income covering a $1,042/mo payment, not borrower’s personal income.
Lot
Built in N/A
2.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55357, Loretto, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,114 (100%) |
| Owner Occupied HU | 980 (88.0%) |
| Renter Occupied HU | 92 ( 8.3%) |
| Vacant Housing Units | 42 ( 3.8%) |
| Median Home Value | $643,919 |
| Average Home Value | $699,258 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,170
Multi-Family
24
Businesses
111
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Nearby investment properties with comparable prices
Listed by: Matthew James Agrimson • JPW Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6551938
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 17:36:29 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)