300 Lesueur AveEagle LakeMN56024
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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
Investment Highlights
Rental property for sale in Eagle Lake at 300 Lesueur Ave, Eagle Lake, MN, 56024 priced at $209,900 pairs $1,882/mo rent with $572/mo cash flow after a $1,027/mo payment. Total monthly income equals $1,882/mo, and annual cash flow comes to $6,860/yr on $69,582 invested. Return on cash invested is 29.77% in year one, and rental yield stands at 10.76% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 155.81% and total cumulative return in cash reaches $108,416. For financing, Ziffy Mortgage’s DSCR program evaluates $1,882/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56024, Eagle Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 992 (70.1%) |
| Renter Occupied HU | 388 (27.4%) |
| Vacant Housing Units | 36 ( 2.5%) |
| Median Home Value | $341,144 |
| Average Home Value | $370,408 |
Housing Distribution
Address Breakdown
Residential
1,279
Single Family
1,173
Multi-Family
106
Businesses
46
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Listed by: Nick Nathe • Edina Realty Inc. Mankato
Mls Name: RASM
Mls ID: #7039144