820 Erickson LnBuffaloMN55313
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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 Buffalo at 820 Erickson Ln, Buffalo, MN, 55313 priced at $384,400 converts $1,500/mo rent into after a $1,881/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 11.43% in year one, and rental yield reads 4.68% against a $384,400 entry. Equity gained on principal adds $2,480/yr, while 5% annual appreciation compiles into $106,203 by year five. Five-year ROI reaches 57.49% and total cumulative return in cash sums $73,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $1,881/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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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