42502 240th St #41Battle 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
Investment property for sale in Battle Lake at 42502 240th St #41, Battle Lake, MN, 56515 offers a 9.4% rental yield on a $180,000 purchase with $1,410/mo rent. Total monthly income registers $1,410/mo, and a $881/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,432/yr on $59,670 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 133.72% and total cumulative return in cash at $79,793. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,410/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
1,742 sqft 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: Steven Young • Weichert, Realtors - Paulson Land Co
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6776620