902 Meadowlark LnLong PrairieMN56347
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
Investment property for sale in Long Prairie at 902 Meadowlark Ln, Long Prairie, MN, 56347 at $249,900 posts ROI 23.54% with $251/mo cash flow from $1,811/mo rent. Total monthly income equals $1,811/mo, and annual cash flow records $3,008/yr on $82,842 to close. Return on cash invested measures 23.54% and rental yield reads 8.7% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 122.39% and total cumulative return in cash totals $101,390.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,811/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56347, Long Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 1,965 (64.6%) |
| Renter Occupied HU | 718 (23.6%) |
| Vacant Housing Units | 359 (11.8%) |
| Median Home Value | $233,362 |
| Average Home Value | $269,607 |
Housing Distribution
Address Breakdown
Residential
2,848
Single Family
2,523
Multi-Family
325
Businesses
240
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Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6806995