1705 2nd Ave NEBarnesvilleMN56514
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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 Barnesville at 1705 2nd Ave NE, Barnesville, MN, 56514 offers a 10.59% rental yield on a $389,000 purchase with $3,432/mo rent. Total monthly income registers $3,432/mo, and a $1,904/mo payment leaves $1,003/mo available for distribution. Annual cash flow reaches $12,034/yr on $128,954 to close, and return on cash invested stands at 29.24% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 152.94% and total cumulative return in cash at $197,226. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,432/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56514, Barnesville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 1,246 (78.7%) |
| Renter Occupied HU | 256 (16.2%) |
| Vacant Housing Units | 82 ( 5.2%) |
| Median Home Value | $289,750 |
| Average Home Value | $309,394 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,380
Multi-Family
62
Businesses
98
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Listed by: Courtney Schuler • REALTY XPERTS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826105