113 7th Ave SMoorheadMN56560
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 Moorhead at 113 7th Ave S, Moorhead, MN, 56560 uses $74,588 cash to close to unlock $5,224/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $1,844/mo, and a $1,101/mo payment keeps the spread at $435/mo. Purchase price stands at $225,000, and rental yield measures 9.83% with $1,844/mo rent. Return on cash invested shows 26.91% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 140.53% and total cumulative return in cash records $104,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,844/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56560, Moorhead, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,988 (100%) |
| Owner Occupied HU | 10,864 (54.4%) |
| Renter Occupied HU | 7,732 (38.7%) |
| Vacant Housing Units | 1,392 ( 7.0%) |
| Median Home Value | $304,220 |
| Average Home Value | $340,835 |
Housing Distribution
Address Breakdown
Residential
18,934
Single Family
13,479
Multi-Family
5,455
Businesses
933
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Listed by: Ryan Mullikin • Beyond Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6626843
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