1208 S Sheridan StFergus FallsMN56537
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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 Fergus Falls at 1208 S Sheridan St, Fergus Falls, MN, 56537 uses $33,150 cash to close to unlock $1,536/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $752/mo, and a $489/mo payment keeps the spread at $128/mo. Purchase price stands at $100,000, and rental yield measures 9.02% with $752/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 127.76% and total cumulative return in cash records $42,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $752/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56537, Fergus Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,307 (100%) |
| Owner Occupied HU | 5,712 (61.4%) |
| Renter Occupied HU | 2,527 (27.2%) |
| Vacant Housing Units | 1,068 (11.5%) |
| Median Home Value | $267,806 |
| Average Home Value | $335,968 |
Housing Distribution
Address Breakdown
Residential
8,831
Single Family
7,325
Multi-Family
1,506
Businesses
704
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Listed by: Heidi Chamberlain • Trilogy Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6791469