Locke 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 Locke Plan, Parkside, Clear Lake, MN, 55319 earns $1,020/mo cash flow from $3,292/mo rent with a $1,781/mo payment. Total monthly income totals $3,292/mo, and annual cash flow totals $12,237/yr on $120,633 capital. ROI tracks 30.05% on current figures, and rental yield reads 10.86% at a $363,900 purchase. Equity gained on principal adds $2,348/yr, and 5% annual appreciation supports $100,539 over five years. Five-year ROI reaches 157.31% and total cumulative return in cash sums $189,766. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,292/mo property income instead of your personal income.
Single Family
Built in 2026
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