1235 Mitchell PlFergus 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
Rental property for sale in Fergus Falls at 1235 Mitchell Pl, Fergus Falls, MN, 56537 generates $2,240/mo in rent and, after a $1,346/mo payment, leaves $524/mo in cash flow. Total monthly income is $2,240/mo, and annual cash flow is $6,287/yr on $91,129 invested. Return on cash invested sits at 26.81% in year one, and rental yield is 9.78% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 139.9% and total cumulative return in cash sums $127,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,240/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
6,534 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: Laura Johnson • Trilogy Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6740697