Forest Rd #200OrrMN55771
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.37% yield at Forest Rd #200, Orr, MN, 55771 in Orr is solid, but the $1,030/mo payment compresses net cash flow to $167/mo at $229,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $63,268 by year five, and $2,109/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.55) without U.S. income documentation. Total projected return: $97,638.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $167 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,597 |
| Total Monthly Debt Service | $1,339 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
160 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55771, Orr, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,828 (100%) |
| Owner Occupied HU | 567 (31.0%) |
| Renter Occupied HU | 132 ( 7.2%) |
| Vacant Housing Units | 1,129 (61.8%) |
| Median Home Value | $364,500 |
| Average Home Value | $401,305 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
856
Multi-Family
22
Businesses
43
Nearby investment properties with comparable rents
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
Lot
Built in N/A
160 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55771, Orr, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,828 (100%) |
| Owner Occupied HU | 567 (31.0%) |
| Renter Occupied HU | 132 ( 7.2%) |
| Vacant Housing Units | 1,129 (61.8%) |
| Median Home Value | $364,500 |
| Average Home Value | $401,305 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
856
Multi-Family
22
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Hway • Bear Island Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116333
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.