440 6th StLafayetteMN56054
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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 Lafayette at 440 6th St, Lafayette, MN, 56054 uses $86,157 cash to close to unlock $1,418/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $1,272/mo payment keeps the spread at $118/mo. Purchase price stands at $259,900, and rental yield measures 8.04% with $1,741/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 111.78% and total cumulative return in cash records $96,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56054, Lafayette, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 325 (77.0%) |
| Renter Occupied HU | 57 (13.5%) |
| Vacant Housing Units | 40 ( 9.5%) |
| Median Home Value | $319,136 |
| Average Home Value | $354,331 |
Housing Distribution
Address Breakdown
Residential
331
Single Family
331
Multi-Family
0
Businesses
23
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