1214 S Halvorson StRedwood FallsMN56283
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 Redwood Falls at 1214 S Halvorson St, Redwood Falls, MN, 56283 at $249,900 posts ROI 34.13% with $982/mo cash flow from $2,542/mo rent. Total monthly income equals $2,542/mo, and annual cash flow records $11,780/yr on $82,842 to close. Return on cash invested measures 34.13% and rental yield reads 12.21% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 179.17% and total cumulative return in cash totals $148,430.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,542/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1967
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Jean Stephens • Kerkhoff Auction & Real Estate
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6615447
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