90682 Island LoopSturgeon 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
Rental property for sale in Sturgeon Lake at 90682 Island Loop, Sturgeon Lake, MN, 55783 generates $2,027/mo in rent, after a $2,932/mo payment. Total monthly income is $2,027/mo. Return on cash invested sits at 9.63% in year one, and rental yield is 4.06% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 47.74% and total cumulative return in cash sums $94,090. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
12,632 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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Nearby investment properties with comparable prices
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