501 E Benton StLake BentonMN56149
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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 Lake Benton at 501 E Benton St, Lake Benton, MN, 56149 uses $57,184 cash to close to unlock $6,385/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $1,609/mo, and a $844/mo payment keeps the spread at $532/mo. Purchase price stands at $172,500, and rental yield measures 11.19% with $1,609/mo rent. Return on cash invested shows 31.08% in year one, and 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 162.87% and total cumulative return in cash records $93,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,609/mo property income covering a $844/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.53 sqft 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: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6597309
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