731 3rd Ave NESleepy EyeMN56085
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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
Rental property for sale in Sleepy Eye at 731 3rd Ave NE, Sleepy Eye, MN, 56085 generates $1,683/mo in rent and, after a $1,174/mo payment, leaves $185/mo in cash flow. Total monthly income is $1,683/mo, and annual cash flow is $2,222/yr on $79,527 invested. Return on cash invested sits at 22.7% in year one, and rental yield is 8.42% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 117.95% and total cumulative return in cash sums $93,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,683/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56085, Sleepy Eye, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,727 (72.4%) |
| Renter Occupied HU | 436 (18.3%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $206,740 |
| Average Home Value | $302,846 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,043
Multi-Family
243
Businesses
164
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Listed by: DEBRA FISCHER • Mages Land Co & Auction Service LLC Sleepy Eye
Mls Name: RASM
Mls ID: #7038653