102 6th St SWRed Lake FallsMN56750
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 102 6th St SW, Red Lake Falls, MN, 56750 in Red Lake Falls: $2,210/mo in rent, $787/mo net, 11.63% gross yield, all on a $228,000 acquisition. The 2.16 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $62,992 in value, and $2,100/yr in principal paydown steadily builds equity. Projected total cumulative return: $137,149.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.0% |
| Monthly Cash Flow | $787 | $400 |
City averages based on Red Lake Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,210 |
| Total Monthly Debt Service | $1,333 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
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
Single Family
Built in 1977
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Travis J Senenfelder • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6801417