114 Bottineau Ave NERed Lake FallsMN56750
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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
Rental property for sale in Red Lake Falls at 114 Bottineau Ave NE, Red Lake Falls, MN, 56750 priced at $209,000 pairs $1,502/mo rent with $54/mo cash flow after a $1,023/mo payment. Total monthly income equals $1,502/mo, and annual cash flow comes to $644/yr on $69,284 invested. Return on cash invested is 20.84% in year one, and rental yield stands at 8.62% on a $209,000 basis. Equity gained on principal adds $1,349/yr, and 5% annual appreciation accumulates to $57,743 by year five. Five-year ROI measures 108.82% and total cumulative return in cash reaches $75,398. For financing, Ziffy Mortgage’s DSCR program evaluates $1,502/mo property income against a $1,023/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
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Listed by: Melissa Perreault • LeBlanc Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-506
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.