Vermilion Lake RdCookMN55723
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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 Cook at Vermilion Lake Rd, Cook, MN, 55723 generates $1,852/mo in rent, after a $4,887/mo payment. Total monthly income is $1,852/mo. Return on cash invested sits at 4.05% in year one, and rental yield is 2.23% on a $998,500 entry. Equity gained on principal adds $6,443/yr, while 5% annual appreciation builds toward $275,867 over five years. Five-year ROI reaches 17.84% and total cumulative return in cash sums $58,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,852/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
2.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55723, Cook, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,349 (100%) |
| Owner Occupied HU | 944 (40.2%) |
| Renter Occupied HU | 134 ( 5.7%) |
| Vacant Housing Units | 1,271 (54.1%) |
| Median Home Value | $340,909 |
| Average Home Value | $403,183 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,019
Multi-Family
75
Businesses
135
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Nearby investment properties with comparable prices
Listed by: Lisa Janisch • Janisch Realty Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6111508
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.