680 Central Ave SMilacaMN56353
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 680 Central Ave S, Milaca, MN, 56353 in Milaca at $149,000 earns $1,127/mo in rent and nets $197/mo after the $670/mo payment, a 9.08% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,166 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,372/yr in principal paydown, total projected return reaches $69,184.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.5% |
| Monthly Cash Flow | $197 | $800 |
City averages based on Milaca market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,127 |
| Total Monthly Debt Service | $871 |
| DSCR Ratio | 1.29x |
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 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56353, Milaca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,111 (100%) |
| Owner Occupied HU | 2,998 (72.9%) |
| Renter Occupied HU | 833 (20.3%) |
| Vacant Housing Units | 280 ( 6.8%) |
| Median Home Value | $274,311 |
| Average Home Value | $300,156 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,488
Multi-Family
401
Businesses
248
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 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56353, Milaca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,111 (100%) |
| Owner Occupied HU | 2,998 (72.9%) |
| Renter Occupied HU | 833 (20.3%) |
| Vacant Housing Units | 280 ( 6.8%) |
| Median Home Value | $274,311 |
| Average Home Value | $300,156 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,488
Multi-Family
401
Businesses
248
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices