360 7th StBingham LakeMN56118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bingham Lake at 360 7th St, Bingham Lake, MN, 56118 listed at $115,000 pairs $937/mo rent with a $563/mo payment to leave $219/mo cash flow. Total monthly income runs $937/mo, and annual cash flow reaches $2,625/yr on $38,123 cash to close. Return on cash invested measures 26.79% in year one, and rental yield registers 9.78% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 139.88% and total cumulative return in cash totals $53,325. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $937/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1922
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56118, Bingham Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 187 (100%) |
| Owner Occupied HU | 142 (75.9%) |
| Renter Occupied HU | 25 (13.4%) |
| Vacant Housing Units | 20 (10.7%) |
| Median Home Value | $287,500 |
| Average Home Value | $304,225 |
Housing Distribution
Address Breakdown
Residential
169
Single Family
169
Multi-Family
0
Businesses
6
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Nearby investment properties with comparable prices
Listed by: Betsy Herding • River's Edge Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6497118
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