2040 McKinney AveBensonMN56215
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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 Benson at 2040 McKinney Ave, Benson, MN, 56215 uses $59,670 cash to close to unlock $840/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $1,194/mo, and a $881/mo payment keeps the spread at $70/mo. Purchase price stands at $180,000, and rental yield measures 7.96% with $1,194/mo rent. Return on cash invested shows 21.32% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 110.46% and total cumulative return in cash records $65,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,194/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.16 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56215, Benson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,214 (100%) |
| Owner Occupied HU | 1,363 (61.6%) |
| Renter Occupied HU | 618 (27.9%) |
| Vacant Housing Units | 233 (10.5%) |
| Median Home Value | $214,098 |
| Average Home Value | $282,964 |
Housing Distribution
Address Breakdown
Residential
2,114
Single Family
1,854
Multi-Family
260
Businesses
207
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