1015 11th AveGranite FallsMN56241
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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 Granite Falls at 1015 11th Ave, Granite Falls, MN, 56241 offers a 3.32% rental yield on a $264,900 purchase with $732/mo rent. 3% in year one. Equity gained on principal adds $1,709/yr while 5% annual appreciation supports $73,187 over five years. Portfolio math shows five-year ROI at 35.35% and total cumulative return in cash at $31,040. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $732/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.19 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56241, Granite Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,873 (100%) |
| Owner Occupied HU | 1,248 (66.6%) |
| Renter Occupied HU | 435 (23.2%) |
| Vacant Housing Units | 190 (10.1%) |
| Median Home Value | $208,222 |
| Average Home Value | $238,227 |
Housing Distribution
Address Breakdown
Residential
1,750
Single Family
1,508
Multi-Family
242
Businesses
195
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Listed by: Kelly Sue Kruger • Weichert REALTORS Tower Properties - Granite Falls
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6802878