123 E Jefferson AveMahnomenMN56557
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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 Mahnomen at 123 E Jefferson Ave, Mahnomen, MN, 56557 priced at $179,000 converts $1,495/mo rent into $377/mo cash flow after a $876/mo obligation. Total monthly income equals $1,495/mo, and annual cash flow totals $4,528/yr on $59,339 invested. Return on cash invested prints 27.54% in year one, and rental yield reads 10.02% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 143.89% and total cumulative return in cash sums $85,383. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,495/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1918
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56557, Mahnomen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,172 (100%) |
| Owner Occupied HU | 633 (54.0%) |
| Renter Occupied HU | 412 (35.2%) |
| Vacant Housing Units | 127 (10.8%) |
| Median Home Value | $161,343 |
| Average Home Value | $199,325 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
755
Multi-Family
132
Businesses
106
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