721 Us Highway 14 EBalatonMN56115
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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 Balaton at 721 Us Highway 14 E, Balaton, MN, 56115 offers a 8.63% rental yield on a $360,000 purchase with $2,590/mo rent. Total monthly income registers $2,590/mo, and a $1,762/mo payment leaves $342/mo available for distribution. Annual cash flow reaches $4,104/yr on $119,340 to close, and return on cash invested stands at 23.35% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 121.35% and total cumulative return in cash at $144,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,590/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56115, Balaton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 643 (100%) |
| Owner Occupied HU | 473 (73.6%) |
| Renter Occupied HU | 89 (13.8%) |
| Vacant Housing Units | 81 (12.6%) |
| Median Home Value | $285,204 |
| Average Home Value | $342,230 |
Housing Distribution
Address Breakdown
Residential
470
Single Family
432
Multi-Family
38
Businesses
36
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