124 W Channing AveFergus FallsMN56537
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 Fergus Falls at 124 W Channing Ave, Fergus Falls, MN, 56537 at $134,900 posts ROI 29.38% with $353/mo cash flow from $1,195/mo rent. Total monthly income equals $1,195/mo, and annual cash flow records $4,235/yr on $44,719 to close. Return on cash invested measures 29.38% and rental yield reads 10.63% at the current $134,900. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 by year five. Five-year ROI prints 153.69% and total cumulative return in cash totals $68,729.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,195/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1937
6,969 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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Nearby investment properties with comparable prices
Listed by: Victor Peterson • RE/MAX Results - Nisswa
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6772419