208 Leray AveEagle LakeMN56024
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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 Eagle Lake at 208 Leray Ave, Eagle Lake, MN, 56024 uses $64,642 cash to close to unlock $4,113/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $954/mo payment keeps the spread at $343/mo. Purchase price stands at $194,999, and rental yield measures 9.6% with $1,560/mo rent. Return on cash invested shows 26.27% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 137.05% and total cumulative return in cash records $88,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56024, Eagle Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 992 (70.1%) |
| Renter Occupied HU | 388 (27.4%) |
| Vacant Housing Units | 36 ( 2.5%) |
| Median Home Value | $341,144 |
| Average Home Value | $370,408 |
Housing Distribution
Address Breakdown
Residential
1,279
Single Family
1,173
Multi-Family
106
Businesses
46
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Listed by: Rachael Hansen-miller • Keller Williams Premier Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7037739
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-06-10 09:40:20 PDT