203 8th St SEBarnesvilleMN56514
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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 Barnesville at 203 8th St SE, Barnesville, MN, 56514 generates $840/mo in rent, after a $1,150/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 10.25% in year one, and rental yield is 4.29% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 51.1% and total cumulative return in cash sums $39,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
10,018 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: Michelle Durensky • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823715