116 E 9th StBlue EarthMN56013
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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 Blue Earth at 116 E 9th St, Blue Earth, MN, 56013 listed at $255,000 pairs $2,098/mo rent with a $1,248/mo payment to leave $506/mo cash flow. Total monthly income runs $2,098/mo, and annual cash flow reaches $6,069/yr on $84,533 cash to close. Return on cash invested measures 27.09% in year one, and rental yield registers 9.87% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 141.41% and total cumulative return in cash totals $119,540. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,098/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1994
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56013, Blue Earth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,118 (100%) |
| Owner Occupied HU | 1,369 (64.6%) |
| Renter Occupied HU | 481 (22.7%) |
| Vacant Housing Units | 268 (12.7%) |
| Median Home Value | $185,174 |
| Average Home Value | $220,325 |
Housing Distribution
Address Breakdown
Residential
1,958
Single Family
1,758
Multi-Family
200
Businesses
242
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Listed by: KARA DRAKE • Olson Nelson Realty
Mls Name: RASM
Mls ID: #7039055