1114 Greenwood St EThief River FallsMN56701
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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 Thief River Falls at 1114 Greenwood St E, Thief River Falls, MN, 56701 uses $61,626 cash to close to unlock $4,056/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $1,499/mo, and a $910/mo payment keeps the spread at $338/mo. Purchase price stands at $185,900, and rental yield measures 9.68% with $1,499/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $51,361 over five years. Five-year ROI reaches 138.29% and total cumulative return in cash records $85,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,499/mo property income covering a $910/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56701, Thief River Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,119 (100%) |
| Owner Occupied HU | 3,882 (63.4%) |
| Renter Occupied HU | 1,728 (28.2%) |
| Vacant Housing Units | 509 ( 8.3%) |
| Median Home Value | $225,599 |
| Average Home Value | $260,832 |
Housing Distribution
Address Breakdown
Residential
6,155
Single Family
4,913
Multi-Family
1,242
Businesses
548
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Listed by: Kate Anderson • Nordin Realty Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795040