104 Blace AveEagle LakeMN56024
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
Investment Highlights
Investment property for sale in Eagle Lake at 104 Blace Ave, Eagle Lake, MN, 56024 listed at $273,000 pairs $2,270/mo rent with a $1,336/mo payment to leave $565/mo cash flow. Total monthly income runs $2,270/mo, and annual cash flow reaches $6,785/yr on $90,500 cash to close. Return on cash invested measures 27.41% in year one, and rental yield registers 9.98% at a $273,000 basis. Equity gained on principal adds $1,762/yr, and annual property appreciation at 5% supports $75,425 by year five. Five-year ROI tracks 143.15% and total cumulative return in cash totals $129,547. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,270/mo property income relative to a $1,336/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56024, Eagle Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 992 (70.1%) |
| Renter Occupied HU | 388 (27.4%) |
| Vacant Housing Units | 36 ( 2.5%) |
| Median Home Value | $341,144 |
| Average Home Value | $370,408 |
Housing Distribution
Address Breakdown
Residential
1,279
Single Family
1,173
Multi-Family
106
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Staci Murphy • American Way Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7038701
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 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-12-22 02:32:34 PST