124 Oak LnForestonMN56330
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 Foreston at 124 Oak Ln, Foreston, MN, 56330 offers $2,519/mo rent that, after a $1,786/mo payment, leaves $240/mo cash flow. Total monthly income is $2,519/mo, and annual cash flow is $2,883/yr on $120,998 cash. Return on cash invested measures 22.29% in year one, and rental yield stands at 8.28% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 115.71% and total cumulative return in cash reaches $140,011. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,519/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
2.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56330, Foreston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 607 (87.5%) |
| Renter Occupied HU | 51 ( 7.3%) |
| Vacant Housing Units | 36 ( 5.2%) |
| Median Home Value | $292,659 |
| Average Home Value | $330,144 |
Housing Distribution
Address Breakdown
Residential
646
Single Family
646
Multi-Family
0
Businesses
18
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