908 Apple LnLake CityMN55041
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Lake City rental at 908 Apple Ln, Lake City, MN, 55041 sits in the solid-income band: 8.96% gross yield, $2,652/mo rent, $435/mo net after the $1,596/mo debt service, DSCR 1.66. Entry price of $355,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $98,080 and $3,270/yr in principal reduction bring total cumulative return to $162,725.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.2% |
| Monthly Cash Flow | $435 | $450 |
City averages based on Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,652 |
| Total Monthly Debt Service | $2,076 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1991
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
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
Single Family
Built in 1991
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55041, Lake City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,758 (68.1%) |
| Renter Occupied HU | 660 (16.3%) |
| Vacant Housing Units | 634 (15.6%) |
| Median Home Value | $329,484 |
| Average Home Value | $356,927 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,279
Multi-Family
421
Businesses
248
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices