1107 7th Ave NEPerhamMN56573
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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 Perham at 1107 7th Ave NE, Perham, MN, 56573 uses $157,131 cash to close to unlock $15,409/yr annual cash flow and $1,284/mo monthly cash flow. Total monthly income runs $4,244/mo, and a $2,320/mo payment keeps the spread at $1,284/mo. Purchase price stands at $474,000, and rental yield measures 10.74% with $4,244/mo rent. Return on cash invested shows 29.72% in year one, and 5% annual appreciation builds toward $130,957 over five years. Five-year ROI reaches 155.52% and total cumulative return in cash records $244,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,244/mo property income covering a $2,320/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56573, Perham, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,939 (100%) |
| Owner Occupied HU | 2,063 (52.4%) |
| Renter Occupied HU | 940 (23.9%) |
| Vacant Housing Units | 936 (23.8%) |
| Median Home Value | $309,896 |
| Average Home Value | $398,617 |
Housing Distribution
Address Breakdown
Residential
3,349
Single Family
2,894
Multi-Family
455
Businesses
367
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