N Courage Dr Lot 1Lake GeorgeMN56458
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider N Courage Dr Lot 1, Lake George, MN, 56458 in Lake George. Rental yield 0%. At $469,900 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $129,825 in new equity by year five, complemented by $4,328/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $200 |
City averages based on Lake George market data in our database. Property projections are estimates.
Single Family
Built in 1999
3.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56458, Lake George, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 290 (100%) |
| Owner Occupied HU | 155 (53.4%) |
| Renter Occupied HU | 13 ( 4.5%) |
| Vacant Housing Units | 122 (42.1%) |
| Median Home Value | $403,409 |
| Average Home Value | $409,048 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1999
3.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56458, Lake George, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 290 (100%) |
| Owner Occupied HU | 155 (53.4%) |
| Renter Occupied HU | 13 ( 4.5%) |
| Vacant Housing Units | 122 (42.1%) |
| Median Home Value | $403,409 |
| Average Home Value | $409,048 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7058374