1019 Horace Ave NThief River FallsMN56701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Thief River Falls at 1019 Horace Ave N, Thief River Falls, MN, 56701 at $154,000 posts ROI 29.77% with $420/mo cash flow from $1,388/mo rent. Total monthly income equals $1,388/mo, and annual cash flow records $5,035/yr on $51,051 to close. Return on cash invested measures 29.77% and rental yield reads 10.82% at the current $154,000. Equity gained on principal adds $994/yr, and 5% annual appreciation supports $42,547 by year five. Five-year ROI prints 155.92% and total cumulative return in cash totals $79,598.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,388/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56701, Thief River Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,119 (100%) |
| Owner Occupied HU | 3,882 (63.4%) |
| Renter Occupied HU | 1,728 (28.2%) |
| Vacant Housing Units | 509 ( 8.3%) |
| Median Home Value | $225,599 |
| Average Home Value | $260,832 |
Housing Distribution
Address Breakdown
Residential
6,155
Single Family
4,913
Multi-Family
1,242
Businesses
548
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diedre Nordin • Nordin Realty Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6526262
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