1221 Knight Ave NThief River FallsMN56701
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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 Thief River Falls at 1221 Knight Ave N, Thief River Falls, MN, 56701 generates $1,135/mo in rent and, after a $709/mo payment, leaves $230/mo in cash flow. Total monthly income is $1,135/mo, and annual cash flow is $2,765/yr on $48,034 invested. Return on cash invested sits at 25.66% in year one, and rental yield is 9.4% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 133.83% and total cumulative return in cash sums $64,285. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,135/mo property income rather than buyer’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: 56701, Thief River Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,119 (100%) |
| Owner Occupied HU | 3,882 (63.4%) |
| Renter Occupied HU | 1,728 (28.2%) |
| Vacant Housing Units | 509 ( 8.3%) |
| Median Home Value | $225,599 |
| Average Home Value | $260,832 |
Housing Distribution
Address Breakdown
Residential
6,155
Single Family
4,913
Multi-Family
1,242
Businesses
548
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Listed by: Kristi Weisbeck MacGregor • LeBlanc Realty
Mls Name: GFBMLS
Mls ID: #25-1811