20472 Hay Lake RdIrontonMN56455
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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 Ironton at 20472 Hay Lake Rd, Ironton, MN, 56455 generates $2,108/mo in rent and, after a $1,542/mo payment, leaves $141/mo in cash flow. Total monthly income is $2,108/mo, and annual cash flow is $1,689/yr on $104,423 invested. Return on cash invested sits at 21.53% in year one, and rental yield is 8.03% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 111.59% and total cumulative return in cash sums $116,525. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,108/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
1.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56455, Ironton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 866 (100%) |
| Owner Occupied HU | 585 (67.6%) |
| Renter Occupied HU | 120 (13.9%) |
| Vacant Housing Units | 161 (18.6%) |
| Median Home Value | $341,944 |
| Average Home Value | $373,568 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
509
Multi-Family
0
Businesses
47
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