LOT Norwood Ln #BBattle LakeMN56515
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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 Battle Lake at LOT Norwood Ln #B, Battle Lake, MN, 56515 generates $0/mo in rent, after a $3,323/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.47% in year one, and rental yield is 0% on a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation builds toward $187,595 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
2.01 Acres lot
$N/A/sqft
$140 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56515, Battle Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,188 (40.7%) |
| Renter Occupied HU | 201 ( 6.9%) |
| Vacant Housing Units | 1,529 (52.4%) |
| Median Home Value | $445,498 |
| Average Home Value | $506,256 |
Housing Distribution
Address Breakdown
Residential
1,771
Single Family
1,708
Multi-Family
63
Businesses
112
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Andrew Yaggie • Andrew Yaggie Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6723764
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