244 Main StBreckenridgeMN56520
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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
Rental property for sale in Breckenridge at 244 Main St, Breckenridge, MN, 56520 generates $1,194/mo in rent, after a $1,076/mo payment. Total monthly income is $1,194/mo. Return on cash invested sits at 16.96% in year one, and rental yield is 6.52% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 87.19% and total cumulative return in cash sums $63,556. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,194/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.56 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
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Listed by: Shanna Casey • Action Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770406