509 Main St ESleepy EyeMN56085
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
Investment property for sale in Sleepy Eye at 509 Main St E, Sleepy Eye, MN, 56085 at $150,000 posts ROI 25.4% with $228/mo cash flow from $1,164/mo rent. Total monthly income equals $1,164/mo, and annual cash flow records $2,730/yr on $49,725 to close. Return on cash invested measures 25.4% and rental yield reads 9.31% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 132.43% and total cumulative return in cash totals $65,850.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,164/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56085, Sleepy Eye, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,727 (72.4%) |
| Renter Occupied HU | 436 (18.3%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $206,740 |
| Average Home Value | $302,846 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,043
Multi-Family
243
Businesses
164
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Listed by: TIMOTHY SCHULTZ • Re/Max Dynamic Agents
Mls Name: RASM
Mls ID: #7039142