231 Hill AveFoleyMN56329
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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 Foley at 231 Hill Ave, Foley, MN, 56329 offers $1,795/mo rent that, after a $1,248/mo payment, leaves $203/mo cash flow. Total monthly income is $1,795/mo, and annual cash flow is $2,435/yr on $84,499 cash. Return on cash invested measures 22.79% in year one, and rental yield stands at 8.45% at a $254,900 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,424 by year five. Five-year ROI records 118.37% and total cumulative return in cash reaches $100,020. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,795/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56329, Foley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 2,414 (81.2%) |
| Renter Occupied HU | 432 (14.5%) |
| Vacant Housing Units | 127 ( 4.3%) |
| Median Home Value | $324,421 |
| Average Home Value | $370,910 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,417
Multi-Family
152
Businesses
164
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