319 6th Ave SEElbow LakeMN56531
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
Investment Highlights
Investment property for sale in Elbow Lake at 319 6th Ave SE, Elbow Lake, MN, 56531 offers a 9.49% rental yield on a $230,000 purchase with $1,819/mo rent. Total monthly income registers $1,819/mo, and a $1,126/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,404/yr on $76,245 to close, and return on cash invested stands at 25.68% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 133.98% and total cumulative return in cash at $102,151. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,819/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.35 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brady Schneeberger • Archer Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6687788
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