515 7th Ave SEElbow LakeMN56531
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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 Elbow Lake at 515 7th Ave SE, Elbow Lake, MN, 56531 offers a 11.68% rental yield on a $147,900 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $724/mo payment leaves $516/mo available for distribution. Annual cash flow reaches $6,196/yr on $49,029 to close, and return on cash invested stands at 32.55% in year one. Equity gained on principal adds $954/yr while 5% annual appreciation supports $40,862 over five years. Portfolio math shows five-year ROI at 170.75% and total cumulative return in cash at $83,719. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $724/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1.08 Acres lot
$N/A/sqft
No HOA
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Listed by: Robert P Ruhr • Century 21 First Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6578631
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