40112 244th StBattle LakeMN56515
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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 Battle Lake at 40112 244th St, Battle Lake, MN, 56515 generates $1,940/mo in rent, after a $2,251/mo payment. Total monthly income is $1,940/mo. Return on cash invested sits at 12.57% in year one, and rental yield is 5.06% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 63.6% and total cumulative return in cash sums $96,966. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,940/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56515, Battle Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,188 (40.7%) |
| Renter Occupied HU | 201 ( 6.9%) |
| Vacant Housing Units | 1,529 (52.4%) |
| Median Home Value | $445,498 |
| Average Home Value | $506,256 |
Housing Distribution
Address Breakdown
Residential
1,771
Single Family
1,708
Multi-Family
63
Businesses
112
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Listed by: Brandon Lambert • Keller Williams Realty Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6759729