9096 Myrtle Lake RdOrrMN55771
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 Orr at 9096 Myrtle Lake Rd, Orr, MN, 55771 generates $1,392/mo in rent and, after a $514/mo payment, leaves $736/mo in cash flow. Total monthly income is $1,392/mo, and annual cash flow is $8,835/yr on $34,808 invested. Return on cash invested sits at 45.29% in year one, and rental yield is 15.91% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 239.13% and total cumulative return in cash sums $83,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,392/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55771, Orr, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,828 (100%) |
| Owner Occupied HU | 567 (31.0%) |
| Renter Occupied HU | 132 ( 7.2%) |
| Vacant Housing Units | 1,129 (61.8%) |
| Median Home Value | $364,500 |
| Average Home Value | $401,305 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
856
Multi-Family
22
Businesses
43
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Nearby investment properties with comparable prices
Listed by: Raymond Ingebretsen • RE/MAX Lake Country
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120612
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.