609 10th St NBreckenridgeMN56520
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 609 10th St N, Breckenridge, MN, 56520 in Breckenridge is narrow, $8/mo net on $1,194/mo rent after the $854/mo debt service, but the property operates at break-even-plus, not a loss. At $189,900 with a 7.55% yield, the long-run equity case via 5% appreciation ($52,466 over five years) and $1,749/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.40 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $72,594.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.8% |
| Monthly Cash Flow | $8 | $350 |
City averages based on Breckenridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,194 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56520, Breckenridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 1,203 (63.8%) |
| Renter Occupied HU | 531 (28.1%) |
| Vacant Housing Units | 153 ( 8.1%) |
| Median Home Value | $206,250 |
| Average Home Value | $237,835 |
Housing Distribution
Address Breakdown
Residential
1,777
Single Family
1,449
Multi-Family
328
Businesses
148
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
Single Family
Built in 1946
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56520, Breckenridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 1,203 (63.8%) |
| Renter Occupied HU | 531 (28.1%) |
| Vacant Housing Units | 153 ( 8.1%) |
| Median Home Value | $206,250 |
| Average Home Value | $237,835 |
Housing Distribution
Address Breakdown
Residential
1,777
Single Family
1,449
Multi-Family
328
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Bell • Action Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6782579