105 16th St NBreckenridgeMN56520
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 Breckenridge at 105 16th St N, Breckenridge, MN, 56520 offers a 8.52% rental yield on a $389,000 purchase with $2,762/mo rent. Total monthly income registers $2,762/mo, and a $1,904/mo payment leaves $333/mo available for distribution. Annual cash flow reaches $3,994/yr on $128,954 to close, and return on cash invested stands at 23.01% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 119.52% and total cumulative return in cash at $154,122. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,762/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.38 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Mauch • Miller Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6650451