703 Erickson Ln #L9B20QBuffaloMN55313
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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 Buffalo at 703 Erickson Ln #L9B20Q, Buffalo, MN, 55313 offers a 8.34% rental yield on a $439,308 purchase with $3,054/mo rent. Total monthly income registers $3,054/mo, and a $2,150/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,731/yr on $145,631 to close, and return on cash invested stands at 22.47% in year one. Equity gained on principal adds $2,835/yr while 5% annual appreciation supports $121,373 over five years. Portfolio math shows five-year ROI at 116.65% and total cumulative return in cash at $169,881. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,054/mo property income against a $2,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55313, Buffalo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,657 (100%) |
| Owner Occupied HU | 7,500 (77.7%) |
| Renter Occupied HU | 1,872 (19.4%) |
| Vacant Housing Units | 285 ( 3.0%) |
| Median Home Value | $403,736 |
| Average Home Value | $475,783 |
Housing Distribution
Address Breakdown
Residential
9,654
Single Family
8,375
Multi-Family
1,279
Businesses
738
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