1475 Terrace DrLake BentonMN56149
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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 Lake Benton at 1475 Terrace Dr, Lake Benton, MN, 56149 offers a 0% rental yield on a $340,000 purchase with $0/mo rent. 69% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56149, Lake Benton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 446 (60.5%) |
| Renter Occupied HU | 118 (16.0%) |
| Vacant Housing Units | 173 (23.5%) |
| Median Home Value | $220,652 |
| Average Home Value | $284,109 |
Housing Distribution
Address Breakdown
Residential
518
Single Family
482
Multi-Family
36
Businesses
56
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Listed by: Dean Maeyaert • Wilson O'Brien REALTORS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6797970
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