117 NE 3rd StBuffalo LakeMN55314
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 Buffalo Lake at 117 NE 3rd St, Buffalo Lake, MN, 55314 priced at $229,900 pairs $1,877/mo rent with $421/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,877/mo, and annual cash flow comes to $5,054/yr on $76,212 invested. Return on cash invested is 26.54% in year one, and rental yield stands at 9.8% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 138.65% and total cumulative return in cash reaches $105,671. For financing, Ziffy Mortgage’s DSCR program evaluates $1,877/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55314, Buffalo Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 589 (100%) |
| Owner Occupied HU | 425 (72.2%) |
| Renter Occupied HU | 87 (14.8%) |
| Vacant Housing Units | 77 (13.1%) |
| Median Home Value | $241,500 |
| Average Home Value | $278,065 |
Housing Distribution
Address Breakdown
Residential
384
Single Family
358
Multi-Family
26
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aaron Benjamin Christensen • Edina Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6600300
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