902 Colonial AveLakefieldMN56150
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 Lakefield at 902 Colonial Ave, Lakefield, MN, 56150 priced at $375,000 converts $2,250/mo rent into after a $1,835/mo obligation. Total monthly income equals $2,250/mo. Return on cash invested prints 19.03% in year one, and rental yield reads 7.2% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 98.19% and total cumulative return in cash sums $122,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,250/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56150, Lakefield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,316 (100%) |
| Owner Occupied HU | 963 (73.2%) |
| Renter Occupied HU | 191 (14.5%) |
| Vacant Housing Units | 162 (12.3%) |
| Median Home Value | $165,170 |
| Average Home Value | $220,247 |
Housing Distribution
Address Breakdown
Residential
771
Single Family
730
Multi-Family
41
Businesses
101
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Nearby investment properties with comparable prices
Listed by: Kortney Nesseth • Stan Sievert Agency
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6590225
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