655 Lark StAudubonMN56511
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 Audubon at 655 Lark St, Audubon, MN, 56511 priced at $246,000 converts $2,249/mo rent into $713/mo cash flow after a $1,204/mo obligation. Total monthly income equals $2,249/mo, and annual cash flow totals $8,555/yr on $81,549 invested. Return on cash invested prints 30.4% in year one, and rental yield reads 10.97% against a $246,000 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,965 by year five. Five-year ROI reaches 159.18% and total cumulative return in cash sums $129,806. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,249/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56511, Audubon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,353 (100%) |
| Owner Occupied HU | 783 (57.9%) |
| Renter Occupied HU | 121 ( 8.9%) |
| Vacant Housing Units | 449 (33.2%) |
| Median Home Value | $422,932 |
| Average Home Value | $472,526 |
Housing Distribution
Address Breakdown
Residential
908
Single Family
869
Multi-Family
39
Businesses
51
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Nearby investment properties with comparable prices
Listed by: James Keeley • HomeSmart Adventure Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6595483
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