618 S Ramsey StBlue EarthMN56013
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 Blue Earth at 618 S Ramsey St, Blue Earth, MN, 56013 offers $1,405/mo rent that, after a $587/mo payment, leaves $656/mo cash flow. Total monthly income is $1,405/mo, and annual cash flow is $7,874/yr on $39,747 cash. Return on cash invested measures 39.72% in year one, and rental yield stands at 14.06% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 209.25% and total cumulative return in cash reaches $83,172. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,405/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56013, Blue Earth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,118 (100%) |
| Owner Occupied HU | 1,369 (64.6%) |
| Renter Occupied HU | 481 (22.7%) |
| Vacant Housing Units | 268 (12.7%) |
| Median Home Value | $185,174 |
| Average Home Value | $220,325 |
Housing Distribution
Address Breakdown
Residential
1,958
Single Family
1,758
Multi-Family
200
Businesses
242
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Listed by: KARA DRAKE • Olson Nelson Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7037461
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-10-29 22:37:22 PDT