1344 385th AveBoydMN56218
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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 Boyd at 1344 385th Ave, Boyd, MN, 56218 uses $138,899 cash to close to unlock $1,240/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $2,720/mo, and a $2,051/mo payment keeps the spread at $103/mo. Purchase price stands at $419,000, and rental yield measures 7.79% with $2,720/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 107.72% and total cumulative return in cash records $149,621. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,720/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56218, Boyd, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 259 (100%) |
| Owner Occupied HU | 188 (72.6%) |
| Renter Occupied HU | 20 ( 7.7%) |
| Vacant Housing Units | 51 (19.7%) |
| Median Home Value | $328,571 |
| Average Home Value | $365,479 |
Housing Distribution
Address Breakdown
Residential
185
Single Family
185
Multi-Family
0
Businesses
16
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