324 2nd Ave NWSleepy EyeMN56085
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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
Investment property for sale in Sleepy Eye at 324 2nd Ave NW, Sleepy Eye, MN, 56085 offers a 9.63% rental yield on a $169,900 purchase with $1,363/mo rent. Total monthly income registers $1,363/mo, and a $832/mo payment leaves $302/mo available for distribution. Annual cash flow reaches $3,620/yr on $56,322 to close, and return on cash invested stands at 26.34% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 137.41% and total cumulative return in cash at $77,390. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,363/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56085, Sleepy Eye, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,727 (72.4%) |
| Renter Occupied HU | 436 (18.3%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $206,740 |
| Average Home Value | $302,846 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,043
Multi-Family
243
Businesses
164
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Listed by: Jennifer Otte • New Ulm Real Estate LLC
Mls Name: RASM
Mls ID: #7039204