320 8th AveFoleyMN56329
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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 Foley at 320 8th Ave, Foley, MN, 56329 generates $2,620/mo in rent and, after a $1,444/mo payment, leaves $778/mo in cash flow. Total monthly income is $2,620/mo, and annual cash flow is $9,333/yr on $97,793 invested. Return on cash invested sits at 29.45% in year one, and rental yield is 10.66% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 154.11% and total cumulative return in cash sums $150,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,620/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56329, Foley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 2,414 (81.2%) |
| Renter Occupied HU | 432 (14.5%) |
| Vacant Housing Units | 127 ( 4.3%) |
| Median Home Value | $324,421 |
| Average Home Value | $370,910 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,417
Multi-Family
152
Businesses
164
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