112 Summit AveBalatonMN56115
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
Rental property for sale in Balaton at 112 Summit Ave, Balaton, MN, 56115 offers $984/mo rent that, after a $612/mo payment, leaves $203/mo cash flow. Total monthly income is $984/mo, and annual cash flow is $2,439/yr on $41,438 cash. Return on cash invested measures 25.79% in year one, and rental yield stands at 9.45% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 134.56% and total cumulative return in cash reaches $55,757. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $984/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56115, Balaton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 643 (100%) |
| Owner Occupied HU | 473 (73.6%) |
| Renter Occupied HU | 89 (13.8%) |
| Vacant Housing Units | 81 (12.6%) |
| Median Home Value | $285,204 |
| Average Home Value | $342,230 |
Housing Distribution
Address Breakdown
Residential
470
Single Family
432
Multi-Family
38
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Tara Onken • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6702079
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