21696 60th AveMilacaMN56353
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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 Milaca at 21696 60th Ave, Milaca, MN, 56353 earns $607/mo cash flow from $1,855/mo rent with a $978/mo payment. Total monthly income totals $1,855/mo, and annual cash flow totals $7,286/yr on $66,267 capital. ROI tracks 30.9% on current figures, and rental yield reads 11.14% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 161.95% and total cumulative return in cash sums $107,317. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,855/mo property income instead of your personal income.
Single Family
Built in 1900
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56353, Milaca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,111 (100%) |
| Owner Occupied HU | 2,998 (72.9%) |
| Renter Occupied HU | 833 (20.3%) |
| Vacant Housing Units | 280 ( 6.8%) |
| Median Home Value | $274,311 |
| Average Home Value | $300,156 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,488
Multi-Family
401
Businesses
248
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