102 16th St NBreckenridgeMN56520
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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
Investment property for sale in Breckenridge at 102 16th St N, Breckenridge, MN, 56520 uses $127,959 cash to close to unlock $5,699/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $2,885/mo, and a $1,889/mo payment keeps the spread at $475/mo. Purchase price stands at $386,000, and rental yield measures 8.97% with $2,885/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $106,645 over five years. Five-year ROI reaches 126.79% and total cumulative return in cash records $162,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,885/mo property income covering a $1,889/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56520, Breckenridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 1,203 (63.8%) |
| Renter Occupied HU | 531 (28.1%) |
| Vacant Housing Units | 153 ( 8.1%) |
| Median Home Value | $206,250 |
| Average Home Value | $237,835 |
Housing Distribution
Address Breakdown
Residential
1,777
Single Family
1,449
Multi-Family
328
Businesses
148
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Listed by: Lisa Mauch • Miller Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6654323