105 Nicolet AveBig FallsMN56627
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 105 Nicolet Ave, Big Falls, MN, 56627 in Big Falls is listed at $144,000 and delivers $1,157/mo in rent and $258/mo in net monthly cash flow. The 9.64% yield and 1.79 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $39,785 over five years, and $1,326/yr in principal reduction supplements cash return. Total projected cumulative return: $71,214.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $258 | $350 |
City averages based on Big Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,157 |
| Total Monthly Debt Service | $842 |
| DSCR Ratio | 1.37x |
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 1998
31.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56627, Big Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 351 (100%) |
| Owner Occupied HU | 152 (43.3%) |
| Renter Occupied HU | 23 ( 6.6%) |
| Vacant Housing Units | 176 (50.1%) |
| Median Home Value | $170,968 |
| Average Home Value | $238,750 |
Housing Distribution
Address Breakdown
Residential
51
Single Family
40
Multi-Family
11
Businesses
12
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 1998
31.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56627, Big Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 351 (100%) |
| Owner Occupied HU | 152 (43.3%) |
| Renter Occupied HU | 23 ( 6.6%) |
| Vacant Housing Units | 176 (50.1%) |
| Median Home Value | $170,968 |
| Average Home Value | $238,750 |
Housing Distribution
Address Breakdown
Residential
51
Single Family
40
Multi-Family
11
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Collelo • Tim Collelo Realty, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117675
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.