112 2nd St SEBarnesvilleMN56514
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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
Rental property for sale in Barnesville at 112 2nd St SE, Barnesville, MN, 56514 generates $1,413/mo in rent and, after a $793/mo payment, leaves $401/mo in cash flow. Total monthly income is $1,413/mo, and annual cash flow is $4,816/yr on $53,703 invested. Return on cash invested sits at 28.88% in year one, and rental yield is 10.47% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 151.06% and total cumulative return in cash sums $81,125. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,413/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.14 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56514, Barnesville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 1,246 (78.7%) |
| Renter Occupied HU | 256 (16.2%) |
| Vacant Housing Units | 82 ( 5.2%) |
| Median Home Value | $289,750 |
| Average Home Value | $309,394 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,380
Multi-Family
62
Businesses
98
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Listed by: Jennifer Mansour • Modern Prairie Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6749727