631 10th StLafayetteMN56054
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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 Lafayette at 631 10th St, Lafayette, MN, 56054 uses $72,599 cash to close to unlock $988/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $1,450/mo, and a $1,072/mo payment keeps the spread at $82/mo. Purchase price stands at $219,000, and rental yield measures 7.95% with $1,450/mo rent. Return on cash invested shows 21.27% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 110.26% and total cumulative return in cash records $80,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,450/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1950
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56054, Lafayette, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 325 (77.0%) |
| Renter Occupied HU | 57 (13.5%) |
| Vacant Housing Units | 40 ( 9.5%) |
| Median Home Value | $319,136 |
| Average Home Value | $354,331 |
Housing Distribution
Address Breakdown
Residential
331
Single Family
331
Multi-Family
0
Businesses
23
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