909 6th AveHoward LakeMN55349
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 Howard Lake at 909 6th Ave, Howard Lake, MN, 55349 uses $91,163 cash to close to unlock $6,225/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $1,346/mo payment keeps the spread at $519/mo. Purchase price stands at $275,000, and rental yield measures 9.76% with $2,236/mo rent. Return on cash invested shows 26.74% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 139.53% and total cumulative return in cash records $127,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1884
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55349, Howard Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,366 (75.1%) |
| Renter Occupied HU | 327 (18.0%) |
| Vacant Housing Units | 127 ( 7.0%) |
| Median Home Value | $426,106 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
1,253
Single Family
1,109
Multi-Family
144
Businesses
100
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Listed by: Stephanie A Robertson • Bradley Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6767010