Ramsey 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
Rental property for sale in Clear Lake at Ramsey Plan, Parkside, Clear Lake, MN, 55319 priced at $407,900 converts $3,649/mo rent into $1,102/mo cash flow after a $1,996/mo obligation. Total monthly income equals $3,649/mo, and annual cash flow totals $13,228/yr on $135,219 invested. Return on cash invested prints 29.69% in year one, and rental yield reads 10.73% against a $407,900 entry. Equity gained on principal adds $2,632/yr, while 5% annual appreciation compiles into $112,695 by year five. Five-year ROI reaches 155.39% and total cumulative return in cash sums $210,120. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,649/mo property income covering a $1,996/mo payment, not borrower’s personal income.
Single Family
Built in 2024
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