104 N 3rd StEagle LakeMN56024
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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 Eagle Lake at 104 N 3rd St, Eagle Lake, MN, 56024 listed at $150,000 pairs $1,128/mo rent with a $734/mo payment to leave $192/mo cash flow. Total monthly income runs $1,128/mo, and annual cash flow reaches $2,298/yr on $49,725 cash to close. Return on cash invested measures 24.53% in year one, and rental yield registers 9.02% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 127.72% and total cumulative return in cash totals $63,510. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,128/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
7,840 sqft 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
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Listed by: Kelly Terrell • Re/Max Dynamic Agents
Mls Name: RASM
Mls ID: #7039223