1122 4th AveHeron LakeMN56137
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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 Heron Lake at 1122 4th Ave, Heron Lake, MN, 56137 earns $180/mo cash flow from $866/mo rent with a $538/mo payment. Total monthly income totals $866/mo, and annual cash flow totals $2,154/yr on $36,465 capital. ROI tracks 25.82% on current figures, and rental yield reads 9.45% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 134.66% and total cumulative return in cash sums $49,104. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $866/mo property income instead of your personal income.
Single Family
Built in 1940
9,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56137, Heron Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 382 (78.3%) |
| Renter Occupied HU | 58 (11.9%) |
| Vacant Housing Units | 48 ( 9.8%) |
| Median Home Value | $172,596 |
| Average Home Value | $223,096 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
323
Multi-Family
27
Businesses
25
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Listed by: Danielle Rossow • EXIT Realty - Great Plains
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7011730