93263 Plantation LnSturgeon LakeMN55783
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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 Sturgeon Lake at 93263 Plantation Ln, Sturgeon Lake, MN, 55783 offers a 9.12% rental yield on a $105,000 purchase with $798/mo rent. Total monthly income registers $798/mo, and a $514/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,707/yr on $34,808 to close, and return on cash invested stands at 24.81% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 129.36% and total cumulative return in cash at $45,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $798/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
N/A 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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Listed by: Sheldon W. Johnson • NextHome Perrine & Associates Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6814244