405 Thomas DrEagle LakeMN56024
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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 Eagle Lake at 405 Thomas Dr, Eagle Lake, MN, 56024 priced at $429,900 converts $1,560/mo rent into after a $2,104/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 10.44% in year one, and rental yield reads 4.35% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 52.15% and total cumulative return in cash sums $74,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56024, Eagle Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 992 (70.1%) |
| Renter Occupied HU | 388 (27.4%) |
| Vacant Housing Units | 36 ( 2.5%) |
| Median Home Value | $341,144 |
| Average Home Value | $370,408 |
Housing Distribution
Address Breakdown
Residential
1,279
Single Family
1,173
Multi-Family
106
Businesses
46
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Listed by: Deborah Ogren • True Real Estate
Mls Name: RASM
Mls ID: #7039127