103 Arnold Ave NThief River FallsMN56701
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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 Thief River Falls at 103 Arnold Ave N, Thief River Falls, MN, 56701 offers a 9.35% rental yield on a $149,900 purchase with $1,168/mo rent. Total monthly income registers $1,168/mo, and a $734/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,780/yr on $49,692 to close, and return on cash invested stands at 25.5% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 132.94% and total cumulative return in cash at $66,059. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,168/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,098 sqft 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
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Listed by: Trisha Champ • Rogue Real Estate Co.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6755879