313 1st St SEElbow LakeMN56531








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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
Investment property for sale in Elbow Lake at 313 1st St SE, Elbow Lake, MN, 56531 earns $311/mo cash flow from $1,728/mo rent with a $1,111/mo payment. Total monthly income totals $1,728/mo, and annual cash flow totals $3,728/yr on $75,217 capital. ROI tracks 24.87% on current figures, and rental yield reads 9.14% at a $226,900 purchase. Equity gained on principal adds $1,464/yr, and 5% annual appreciation supports $62,688 over five years. Five-year ROI reaches 129.5% and total cumulative return in cash sums $97,409. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,728/mo property income instead of your personal income.
Single Family
Built in 1914
8,712 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices



Listed by: Debra Banta • Lakes Family Real Estate/Otter Tail Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6782896








