104 Elm St NWSleepy EyeMN56085
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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 Sleepy Eye at 104 Elm St NW, Sleepy Eye, MN, 56085 earns from $942/mo rent with a $1,174/mo payment. Total monthly income totals $942/mo. ROI tracks 11.52% on current figures, and rental yield reads 4.71% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 57.98% and total cumulative return in cash sums $46,111. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $942/mo property income instead of your personal income.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56085, Sleepy Eye, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,727 (72.4%) |
| Renter Occupied HU | 436 (18.3%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $206,740 |
| Average Home Value | $302,846 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,043
Multi-Family
243
Businesses
164
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Listed by: Kathy Hanson • Five Star Realty Pros LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6797994