1011 Lambrecht LnNew UlmMN56073
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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 New Ulm at 1011 Lambrecht Ln, New Ulm, MN, 56073 generates $4,194/mo in rent and, after a $2,447/mo payment, leaves $863/mo in cash flow. Total monthly income is $4,194/mo, and annual cash flow is $10,356/yr on $165,717 invested. Return on cash invested sits at 26.16% in year one, and rental yield is 10.07% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 137% and total cumulative return in cash sums $227,040. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,194/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56073, New Ulm, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,755 (100%) |
| Owner Occupied HU | 5,599 (72.2%) |
| Renter Occupied HU | 1,724 (22.2%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $237,607 |
| Average Home Value | $276,836 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
6,236
Multi-Family
1,327
Businesses
600
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Listed by: Eric Bode • Boco Real Estate Inc.
Mls Name: RASM
Mls Provider:
Mls ID: #7035328
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST