215 E 1st StBlue EarthMN56013
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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 Blue Earth at 215 E 1st St, Blue Earth, MN, 56013 earns $304/mo cash flow from $1,391/mo rent with a $852/mo payment. Total monthly income totals $1,391/mo, and annual cash flow totals $3,649/yr on $57,681 capital. ROI tracks 26.24% on current figures, and rental yield reads 9.59% at a $174,000 purchase. Equity gained on principal adds $1,123/yr, and 5% annual appreciation supports $48,073 over five years. Five-year ROI reaches 136.92% and total cumulative return in cash sums $78,977. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,391/mo property income instead of your personal income.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56013, Blue Earth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,118 (100%) |
| Owner Occupied HU | 1,369 (64.6%) |
| Renter Occupied HU | 481 (22.7%) |
| Vacant Housing Units | 268 (12.7%) |
| Median Home Value | $185,174 |
| Average Home Value | $220,325 |
Housing Distribution
Address Breakdown
Residential
1,958
Single Family
1,758
Multi-Family
200
Businesses
242
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Listed by: KARA DRAKE • Olson Nelson Realty
Mls Name: RASM
Mls ID: #7038690