2984 260th AveLancasterMN56735
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 2984 260th Ave, Lancaster, MN, 56735 in Lancaster is listed at $205,000 and delivers $1,661/mo in rent and $325/mo in net monthly cash flow. The 9.72% yield and 1.80 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $56,638 over five years, and $1,888/yr in principal reduction supplements cash return. Total projected cumulative return: $98,961.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $325 | $450 |
City averages based on Lancaster market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,661 |
| Total Monthly Debt Service | $1,254 |
| DSCR Ratio | 1.32x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices