324 10th Ave SEElbow LakeMN56531
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 324 10th Ave SE, Elbow Lake, MN, 56531 in Elbow Lake. Rental yield 0%. At $159,000 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $43,929 in new equity by year five, complemented by $1,464/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 5.8% |
| Monthly Cash Flow | $0 | $280 |
City averages based on Elbow Lake market data in our database. Property projections are estimates.
Single Family
Built in 1959
9,147 sqft lot
$N/A/sqft
No HOA
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No similar rental properties found nearby.
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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
Single Family
Built in 1959
9,147 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Ami Bonrud • Realty Executives Alex Home Sales
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6800643