232 Main StBreckenridgeMN56520
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 232 Main St, Breckenridge, MN, 56520 in Breckenridge worth study. Rental yield 3.58%. The 3.58% gross yield is below cash-flow benchmarks at $399,900, but 5% annual appreciation, adding $110,485 over five years, frames this as a capital growth position. Rent of $1,194/mo partially offsets the $1,798/mo payment. Ziffy Mortgage finances appreciation-play properties (0.66 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $67,933.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.6% | 7.8% |
| Monthly Cash Flow | $(1,303) | $350 |
City averages based on Breckenridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,194 |
| Total Monthly Debt Service | $2,338 |
| DSCR Ratio | 0.51x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
1.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56520, Breckenridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 1,203 (63.8%) |
| Renter Occupied HU | 531 (28.1%) |
| Vacant Housing Units | 153 ( 8.1%) |
| Median Home Value | $206,250 |
| Average Home Value | $237,835 |
Housing Distribution
Address Breakdown
Residential
1,777
Single Family
1,449
Multi-Family
328
Businesses
148
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
Single Family
Built in 1940
1.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56520, Breckenridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 1,203 (63.8%) |
| Renter Occupied HU | 531 (28.1%) |
| Vacant Housing Units | 153 ( 8.1%) |
| Median Home Value | $206,250 |
| Average Home Value | $237,835 |
Housing Distribution
Address Breakdown
Residential
1,777
Single Family
1,449
Multi-Family
328
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Zach • Miller Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7009990