233 S Park AveLe CenterMN56057
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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 Le Center at 233 S Park Ave, Le Center, MN, 56057 uses $58,013 cash to close to unlock $6,614/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $1,660/mo, and a $857/mo payment keeps the spread at $551/mo. Purchase price stands at $175,000, and rental yield measures 11.38% with $1,660/mo rent. Return on cash invested shows 31.31% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 164.23% and total cumulative return in cash records $95,275. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,660/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56057, Le Center, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,639 (100%) |
| Owner Occupied HU | 1,212 (73.9%) |
| Renter Occupied HU | 335 (20.4%) |
| Vacant Housing Units | 92 ( 5.6%) |
| Median Home Value | $307,576 |
| Average Home Value | $354,858 |
Housing Distribution
Address Breakdown
Residential
1,585
Single Family
1,422
Multi-Family
163
Businesses
140
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Listed by: LYNNEA WETZEL • Re/Max Advantage Plus - Le Center
Mls Name: RASM
Mls Provider:
Mls ID: #7038244
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: 2025-08-06 10:32:47 PDT