2984 260th AveLancasterMN56735
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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 Lancaster at 2984 260th Ave, Lancaster, MN, 56735 generates $1,661/mo in rent and, after a $1,003/mo payment, leaves $326/mo in cash flow. Total monthly income is $1,661/mo, and annual cash flow is $3,911/yr on $67,958 invested. Return on cash invested sits at 25.66% in year one, and rental yield is 9.72% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 134.12% and total cumulative return in cash sums $91,146. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,661/mo property income rather than buyer’s personal income.
Manufactured
Built in 2013
4.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56735, Lancaster, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 287 (68.0%) |
| Renter Occupied HU | 48 (11.4%) |
| Vacant Housing Units | 87 (20.6%) |
| Median Home Value | $213,235 |
| Average Home Value | $238,476 |
Housing Distribution
Address Breakdown
Residential
263
Single Family
249
Multi-Family
14
Businesses
26
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Listed by: David Smiley • Crary Real Estate
Mls Name: GFBMLS
Mls Provider:
Mls ID: #24-1307
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.