8515 Cedar Lake BlvdFaribaultMN55021
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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 Faribault at 8515 Cedar Lake Blvd, Faribault, MN, 55021 generates $3,682/mo in rent, after a $5,751/mo payment. Total monthly income is $3,682/mo. Return on cash invested sits at 8.85% in year one, and rental yield is 3.76% on a $1,175,000 entry. Equity gained on principal adds $7,582/yr, while 5% annual appreciation builds toward $324,631 over five years. Five-year ROI reaches 43.5% and total cumulative return in cash sums $165,610. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,682/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
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