2037 N Shore 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
Rental property for sale in Lake Benton at 2037 N Shore Dr, Lake Benton, MN, 56149 generates $1,330/mo in rent, after a $1,908/mo payment. Total monthly income is $1,330/mo. Return on cash invested sits at 9.66% in year one, and rental yield is 4.09% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 47.94% and total cumulative return in cash sums $61,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,330/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
0.34 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: Lisa Willert • Lake Benton Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6768722