340 River Dr WMilacaMN56353
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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 Milaca at 340 River Dr W, Milaca, MN, 56353 generates $1,313/mo in rent and, after a $827/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,313/mo, and annual cash flow is $3,094/yr on $56,024 invested. Return on cash invested sits at 25.43% in year one, and rental yield is 9.32% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 132.56% and total cumulative return in cash sums $74,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,313/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56353, Milaca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,111 (100%) |
| Owner Occupied HU | 2,998 (72.9%) |
| Renter Occupied HU | 833 (20.3%) |
| Vacant Housing Units | 280 ( 6.8%) |
| Median Home Value | $274,311 |
| Average Home Value | $300,156 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,488
Multi-Family
401
Businesses
248
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