1228 S Ramsey 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 1228 S Ramsey St, Blue Earth, MN, 56013 uses $62,952 cash to close to unlock $3,260/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,457/mo, and a $929/mo payment keeps the spread at $272/mo. Purchase price stands at $189,900, and rental yield measures 9.21% with $1,457/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 130.7% and total cumulative return in cash records $82,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,457/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.31 Acres 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: WADE BARSLOU • Re/Max Total Realty
Mls Name: RASM
Mls ID: #7039265