1503 13th AveClarkfieldMN56223
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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
Investment property for sale in Clarkfield at 1503 13th Ave, Clarkfield, MN, 56223 uses $72,897 cash to close to unlock $1,658/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $1,511/mo, and a $1,076/mo payment keeps the spread at $138/mo. Purchase price stands at $219,900, and rental yield measures 8.25% with $1,511/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 115.17% and total cumulative return in cash records $83,956. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,511/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56223, Clarkfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 461 (68.8%) |
| Renter Occupied HU | 113 (16.9%) |
| Vacant Housing Units | 96 (14.3%) |
| Median Home Value | $137,891 |
| Average Home Value | $211,350 |
Housing Distribution
Address Breakdown
Residential
510
Single Family
477
Multi-Family
33
Businesses
48
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Listed by: Brenda Risa • Schlenner Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6781266