1320 8th AveInternational FallsMN56649
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 International Falls at 1320 8th Ave, International Falls, MN, 56649 offers a 9.5% rental yield on a $166,000 purchase with $1,314/mo rent. Total monthly income registers $1,314/mo, and a $812/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,335/yr on $55,029 to close, and return on cash invested stands at 25.97% in year one. Equity gained on principal adds $1,071/yr while 5% annual appreciation supports $45,863 over five years. Portfolio math shows five-year ROI at 135.42% and total cumulative return in cash at $74,521. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,314/mo property income against a $812/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56649, International Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,199 (100%) |
| Owner Occupied HU | 3,179 (61.1%) |
| Renter Occupied HU | 992 (19.1%) |
| Vacant Housing Units | 1,028 (19.8%) |
| Median Home Value | $167,385 |
| Average Home Value | $236,025 |
Housing Distribution
Address Breakdown
Residential
4,209
Single Family
3,857
Multi-Family
352
Businesses
360
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Nearby investment properties with comparable prices
Listed by: Lindsay Kay Jones • Island View Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6670804
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