103 E Railroad StFloodwoodMN55736
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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 Floodwood at 103 E Railroad St, Floodwood, MN, 55736 priced at $179,000 converts $1,407/mo rent into $289/mo cash flow after a $876/mo obligation. Total monthly income equals $1,407/mo, and annual cash flow totals $3,472/yr on $59,339 invested. Return on cash invested prints 25.76% in year one, and rental yield reads 9.43% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 134.35% and total cumulative return in cash sums $79,719. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,407/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55736, Floodwood, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 494 (53.6%) |
| Renter Occupied HU | 121 (13.1%) |
| Vacant Housing Units | 306 (33.2%) |
| Median Home Value | $275,949 |
| Average Home Value | $320,233 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
54
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Nearby investment properties with comparable prices
Listed by: Nancy Murphy • Century 21 Atwood
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118533
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.