320 Leray AveEagle LakeMN56024
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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 Eagle Lake at 320 Leray Ave, Eagle Lake, MN, 56024 priced at $204,900 converts $1,855/mo rent into $575/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,855/mo, and annual cash flow totals $6,905/yr on $67,924 invested. Return on cash invested prints 30.07% in year one, and rental yield reads 10.86% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 157.48% and total cumulative return in cash sums $106,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,855/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.28 Acres 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: SHAWNA WOLFE • Keller Williams Premier Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7038080
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-10-16 21:59:52 PDT