Hancock Plan, ParksideClear LakeMN55319
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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 Clear Lake at Hancock Plan, Parkside, Clear Lake, MN, 55319 uses $115,660 cash to close to unlock $10,812/yr annual cash flow and $901/mo monthly cash flow. Total monthly income runs $3,080/mo, and a $1,708/mo payment keeps the spread at $901/mo. Purchase price stands at $348,900, and rental yield measures 10.59% with $3,080/mo rent. Return on cash invested shows 29.26% in year one, and 5% annual appreciation builds toward $96,395 over five years. Five-year ROI reaches 153.03% and total cumulative return in cash records $176,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,080/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55319, Clear Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,369 (100%) |
| Owner Occupied HU | 1,993 (84.1%) |
| Renter Occupied HU | 114 ( 4.8%) |
| Vacant Housing Units | 262 (11.1%) |
| Median Home Value | $384,697 |
| Average Home Value | $436,509 |
Housing Distribution
Address Breakdown
Residential
2,061
Single Family
2,044
Multi-Family
17
Businesses
61
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Listed by: N/A • LGI Homes
Mls Name: LGI Homes
Mls Provider:
Mls ID: #N/A