116 Fallwood RdRedwood FallsMN56283
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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
Rental property for sale in Redwood Falls at 116 Fallwood Rd, Redwood Falls, MN, 56283 offers $1,942/mo rent that, after a $1,023/mo payment, leaves $637/mo cash flow. Total monthly income is $1,942/mo, and annual cash flow is $7,642/yr on $69,284 cash. Return on cash invested measures 30.94% in year one, and rental yield stands at 11.15% at a $209,000 entry. Equity gained on principal adds $1,349/yr while 5% annual appreciation compounds into $57,743 by year five. Five-year ROI records 162.05% and total cumulative return in cash reaches $112,274. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,942/mo property income versus a $1,023/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: Andrew Regnier • Re/Max Realty Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6674767