1251 289th AveLengbyMN56651
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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 Lengby at 1251 289th Ave, Lengby, MN, 56651 offers a 9.02% rental yield on a $194,900 purchase with $1,465/mo rent. Total monthly income registers $1,465/mo, and a $954/mo payment leaves $248/mo available for distribution. Annual cash flow reaches $2,975/yr on $64,609 to close, and return on cash invested stands at 24.51% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 127.58% and total cumulative return in cash at $82,431. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,465/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56651, Lengby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 370 (100%) |
| Owner Occupied HU | 161 (43.5%) |
| Renter Occupied HU | 36 ( 9.7%) |
| Vacant Housing Units | 173 (46.8%) |
| Median Home Value | $269,000 |
| Average Home Value | $278,432 |
Housing Distribution
Address Breakdown
Residential
332
Single Family
332
Multi-Family
0
Businesses
12
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