14 Elm BlvdBlue 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
Rental property for sale in Blue Earth at 14 Elm Blvd, Blue Earth, MN, 56013 generates $2,144/mo in rent and, after a $1,219/mo payment, leaves $589/mo in cash flow. Total monthly income is $2,144/mo, and annual cash flow is $7,066/yr on $82,544 invested. Return on cash invested sits at 28.47% in year one, and rental yield is 10.33% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 148.82% and total cumulative return in cash sums $122,840. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,144/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
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: Laurie Oelke • Olson Nelson Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7036140
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST