13919 State Highway 32 SERed Lake FallsMN56750
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 Red Lake Falls at 13919 State Highway 32 SE, Red Lake Falls, MN, 56750 listed at $289,000 pairs $1,992/mo rent with a $1,415/mo payment to leave $187/mo cash flow. Total monthly income runs $1,992/mo, and annual cash flow reaches $2,242/yr on $95,804 cash to close. Return on cash invested measures 22.25% in year one, and rental yield registers 8.27% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 115.48% and total cumulative return in cash totals $110,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,992/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
17.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
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Nearby investment properties with comparable prices
Listed by: Angie Westling • Hometown Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795027