1653 Edgewater DrLake BentonMN56149
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play1653 Edgewater Dr, Lake Benton, MN, 56149 in Lake Benton is priced for appreciation, not yield. Rental yield 4.21%. At $679,000 with a 4.21% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $187,595 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.78) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $137,982.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 8.0% |
| Monthly Cash Flow | $(1,860) | $650 |
City averages based on Lake Benton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,380 |
| Total Monthly Debt Service | $3,970 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
1.08 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2005
1.08 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Willert • Lake Benton Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7023294