106 Oak AveOttertailMN56571
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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 Ottertail at 106 Oak Ave, Ottertail, MN, 56571 offers $1,860/mo rent that, after a $1,350/mo payment, leaves $138/mo cash flow. Total monthly income is $1,860/mo, and annual cash flow is $1,650/yr on $91,461 cash. Return on cash invested measures 21.71% in year one, and rental yield stands at 8.09% at a $275,900 entry. Equity gained on principal adds $1,780/yr while 5% annual appreciation compounds into $76,226 by year five. Five-year ROI records 112.59% and total cumulative return in cash reaches $102,977. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,860/mo property income versus a $1,350/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56571, Ottertail, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,804 (100%) |
| Owner Occupied HU | 809 (44.8%) |
| Renter Occupied HU | 125 ( 6.9%) |
| Vacant Housing Units | 870 (48.2%) |
| Median Home Value | $404,206 |
| Average Home Value | $472,951 |
Housing Distribution
Address Breakdown
Residential
1,106
Single Family
1,105
Multi-Family
1
Businesses
69
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