104 1st Ave SWEagle BendMN56446
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 104 1st Ave SW, Eagle Bend, MN, 56446 in Eagle Bend, $119,999, 7.62% gross yield, $13/mo net income. Consider it a market-entry position, the $762/mo rent covers the $540/mo payment with a margin, and 5%/yr appreciation is projected to add $33,154 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.41) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $46,317.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.3% |
| Monthly Cash Flow | $13 | $180 |
City averages based on Eagle Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $762 |
| Total Monthly Debt Service | $702 |
| DSCR Ratio | 1.09x |
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.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56446, Eagle Bend, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 549 (70.7%) |
| Renter Occupied HU | 120 (15.5%) |
| Vacant Housing Units | 107 (13.8%) |
| Median Home Value | $207,292 |
| Average Home Value | $255,246 |
Housing Distribution
Address Breakdown
Residential
549
Single Family
525
Multi-Family
24
Businesses
35
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
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56446, Eagle Bend, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 549 (70.7%) |
| Renter Occupied HU | 120 (15.5%) |
| Vacant Housing Units | 107 (13.8%) |
| Median Home Value | $207,292 |
| Average Home Value | $255,246 |
Housing Distribution
Address Breakdown
Residential
549
Single Family
525
Multi-Family
24
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices