18398 360th StEagle BendMN56446
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.17% gross rental yield, 18398 360th St, Eagle Bend, MN, 56446 in Eagle Bend is priced for capital growth, not immediate cash flow. The $429,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $118,525 by year five, with $3,951/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.77) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $86,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 6.3% |
| Monthly Cash Flow | $(1,187) | $180 |
City averages based on Eagle Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,492 |
| Total Monthly Debt Service | $2,508 |
| DSCR Ratio | 0.59x |
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 2015
81.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56446, Eagle Bend, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 549 (70.7%) |
| Renter Occupied HU | 120 (15.5%) |
| Vacant Housing Units | 107 (13.8%) |
| Median Home Value | $207,292 |
| Average Home Value | $255,246 |
Housing Distribution
Address Breakdown
Residential
549
Single Family
525
Multi-Family
24
Businesses
35
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 2015
81.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56446, Eagle Bend, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 549 (70.7%) |
| Renter Occupied HU | 120 (15.5%) |
| Vacant Housing Units | 107 (13.8%) |
| Median Home Value | $207,292 |
| Average Home Value | $255,246 |
Housing Distribution
Address Breakdown
Residential
549
Single Family
525
Multi-Family
24
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anne Dickey • Counselor Realty Brainerd Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6774434