93883 580th AveMountain LakeMN56159
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 Mountain Lake at 93883 580th Ave, Mountain Lake, MN, 56159 listed at $120,000 pairs $925/mo rent with a $587/mo payment to leave $176/mo cash flow. Total monthly income runs $925/mo, and annual cash flow reaches $2,112/yr on $39,780 cash to close. Return on cash invested measures 25.22% in year one, and rental yield registers 9.25% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 131.36% and total cumulative return in cash totals $52,255. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $925/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
7.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56159, Mountain Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 749 (68.0%) |
| Renter Occupied HU | 257 (23.3%) |
| Vacant Housing Units | 96 ( 8.7%) |
| Median Home Value | $188,508 |
| Average Home Value | $241,876 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
861
Multi-Family
95
Businesses
85
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Nearby investment properties with comparable prices
Listed by: Brittany Winters • Heartland Real Estate Services LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6789022