112 S 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 112 S 3rd St, Eagle Lake, MN, 56024 earns $436/mo cash flow from $1,841/mo rent with a $1,101/mo payment. Total monthly income totals $1,841/mo, and annual cash flow totals $5,237/yr on $74,554 capital. ROI tracks 26.93% on current figures, and rental yield reads 9.82% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 140.61% and total cumulative return in cash sums $104,833. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,841/mo property income instead of your personal income.
Single Family
Built in 1943
0.27 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
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Listed by: Sara Stilson • True Real Estate
Mls Name: RASM
Mls ID: #7038532