131 S 3rd StEagle LakeMN56024
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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
Rental property for sale in Eagle Lake at 131 S 3rd St, Eagle Lake, MN, 56024 generates $2,105/mo in rent and, after a $1,150/mo payment, leaves $638/mo in cash flow. Total monthly income is $2,105/mo, and annual cash flow is $7,655/yr on $77,869 invested. Return on cash invested sits at 29.74% in year one, and rental yield is 10.75% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 155.64% and total cumulative return in cash sums $121,197. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,105/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56024, Eagle Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 992 (70.1%) |
| Renter Occupied HU | 388 (27.4%) |
| Vacant Housing Units | 36 ( 2.5%) |
| Median Home Value | $341,144 |
| Average Home Value | $370,408 |
Housing Distribution
Address Breakdown
Residential
1,279
Single Family
1,173
Multi-Family
106
Businesses
46
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Listed by: Scott Borgmeier • Borgshomes Realty
Mls Name: RASM
Mls ID: #7038193