500 Main AveLafayetteMN56054
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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 500 Main Ave, Lafayette, MN, 56054 listed at $160,200 pairs $1,954/mo rent with a $784/mo payment to leave $905/mo cash flow. Total monthly income runs $1,954/mo, and annual cash flow reaches $10,855/yr on $53,106 cash to close. Return on cash invested measures 40.35% in year one, and rental yield registers 14.64% at a $160,200 basis. Equity gained on principal adds $1,034/yr, and annual property appreciation at 5% supports $44,260 by year five. Five-year ROI tracks 212.93% and total cumulative return in cash totals $113,080. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,954/mo property income relative to a $784/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
10,500 sqft 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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