992 Farmers Ridge TrlBelle PlaineMN56011
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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 Belle Plaine at 992 Farmers Ridge Trl, Belle Plaine, MN, 56011 uses $112,710 cash to close to unlock $6,060/yr annual cash flow and $505/mo monthly cash flow. Total monthly income runs $2,628/mo, and a $1,664/mo payment keeps the spread at $505/mo. Purchase price stands at $340,000, and rental yield measures 9.28% with $2,628/mo rent. Return on cash invested shows 25.29% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 131.74% and total cumulative return in cash records $148,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,628/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56011, Belle Plaine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,938 (79.7%) |
| Renter Occupied HU | 584 (15.8%) |
| Vacant Housing Units | 163 ( 4.4%) |
| Median Home Value | $348,371 |
| Average Home Value | $403,113 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
3,521
Multi-Family
273
Businesses
182
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Listed by: Mitchel Herian • Kris Lindahl Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6805104