500 Mork StLake BentonMN56149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lake Benton at 500 Mork St, Lake Benton, MN, 56149 offers $2,156/mo rent that, after a $1,640/mo payment, leaves $64/mo cash flow. Total monthly income is $2,156/mo, and annual cash flow is $765/yr on $111,053 cash. Return on cash invested measures 20.6% in year one, and rental yield stands at 7.72% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 106.61% and total cumulative return in cash reaches $118,388. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,156/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56149, Lake Benton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 446 (60.5%) |
| Renter Occupied HU | 118 (16.0%) |
| Vacant Housing Units | 173 (23.5%) |
| Median Home Value | $220,652 |
| Average Home Value | $284,109 |
Housing Distribution
Address Breakdown
Residential
518
Single Family
482
Multi-Family
36
Businesses
56
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Listed by: Lisa Willert • Lake Benton Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812887