108 W 4th StRedwood FallsMN56283
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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 Redwood Falls at 108 W 4th St, Redwood Falls, MN, 56283 uses $66,267 cash to close to unlock $3,134/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $1,509/mo, and a $978/mo payment keeps the spread at $261/mo. Purchase price stands at $199,900, and rental yield measures 9.06% with $1,509/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 128.34% and total cumulative return in cash records $85,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,509/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1917
0.36 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: Valerie Jean Stephens • Kerkhoff Auction & Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6822837