1119 Wendt DrThief River FallsMN56701
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
Investment Highlights
Investment property for sale in Thief River Falls at 1119 Wendt Dr, Thief River Falls, MN, 56701 earns $452/mo cash flow from $2,244/mo rent with a $1,368/mo payment. Total monthly income totals $2,244/mo, and annual cash flow totals $5,419/yr on $92,654 capital. ROI tracks 25.76% on current figures, and rental yield reads 9.63% at a $279,500 purchase. Equity gained on principal adds $1,804/yr, and 5% annual appreciation supports $77,221 over five years. Five-year ROI reaches 134.52% and total cumulative return in cash sums $124,640. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,244/mo property income instead of your personal income.
Single Family
Built in 2004
0.31 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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Nearby investment properties with comparable prices
Listed by: Diedre Nordin • Nordin Realty Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6615624
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