23637 Eagle AveLucanMN56255
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 23637 Eagle Ave, Lucan, MN, 56255 in Lucan. Priced at $258,600, it generates $3,522/mo in gross rent and $1,907/mo in net monthly cash flow, a 16.34% yield that comfortably supports the 3.03 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $22,886. Five-year appreciation: $71,446. Equity from principal paydown: $2,382/yr. Total projected cumulative return: $220,841.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.3% | 7.5% |
| Monthly Cash Flow | $1,907 | $350 |
City averages based on Lucan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,522 |
| Total Monthly Debt Service | $1,512 |
| DSCR Ratio | 2.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 N/A
5.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56255, Lucan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 195 (100%) |
| Owner Occupied HU | 142 (72.8%) |
| Renter Occupied HU | 33 (16.9%) |
| Vacant Housing Units | 20 (10.3%) |
| Median Home Value | $246,429 |
| Average Home Value | $325,845 |
Housing Distribution
Address Breakdown
Residential
109
Single Family
109
Multi-Family
0
Businesses
9
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 N/A
5.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56255, Lucan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 195 (100%) |
| Owner Occupied HU | 142 (72.8%) |
| Renter Occupied HU | 33 (16.9%) |
| Vacant Housing Units | 20 (10.3%) |
| Median Home Value | $246,429 |
| Average Home Value | $325,845 |
Housing Distribution
Address Breakdown
Residential
109
Single Family
109
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices