9497 123rd Ave SELake LillianMN56253
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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 Lake Lillian at 9497 123rd Ave SE, Lake Lillian, MN, 56253 offers a 0% rental yield on a $299,000 purchase with $0/mo rent. 69% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56253, Lake Lillian, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 367 (57.3%) |
| Renter Occupied HU | 66 (10.3%) |
| Vacant Housing Units | 207 (32.3%) |
| Median Home Value | $307,333 |
| Average Home Value | $336,069 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
17
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Listed by: Brenda Rouse • Edina Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6743823