215 Scott St SESleepy EyeMN56085
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sleepy Eye at 215 Scott St SE, Sleepy Eye, MN, 56085 priced at $225,000 pairs $1,760/mo rent with $348/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,760/mo, and annual cash flow comes to $4,177/yr on $74,588 invested. Return on cash invested is 25.51% in year one, and rental yield stands at 9.39% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 133.05% and total cumulative return in cash reaches $99,237. For financing, Ziffy Mortgage’s DSCR program evaluates $1,760/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56085, Sleepy Eye, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,727 (72.4%) |
| Renter Occupied HU | 436 (18.3%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $206,740 |
| Average Home Value | $302,846 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,043
Multi-Family
243
Businesses
164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Otte • New Ulm Real Estate LLC
Mls Name: RASM
Mls Provider:
Mls ID: #7037061
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: 2025-04-03 10:39:24 PDT