1506 Radisson RdCrookstonMN56716
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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 Crookston at 1506 Radisson Rd, Crookston, MN, 56716 offers a 11.99% rental yield on a $213,900 purchase with $2,138/mo rent. Total monthly income registers $2,138/mo, and a $1,047/mo payment leaves $797/mo available for distribution. Annual cash flow reaches $9,558/yr on $70,908 to close, and return on cash invested stands at 33.39% in year one. Equity gained on principal adds $1,380/yr while 5% annual appreciation supports $59,097 over five years. Portfolio math shows five-year ROI at 175.25% and total cumulative return in cash at $124,264. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,138/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56716, Crookston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,004 (100%) |
| Owner Occupied HU | 2,251 (56.2%) |
| Renter Occupied HU | 1,341 (33.5%) |
| Vacant Housing Units | 412 (10.3%) |
| Median Home Value | $222,603 |
| Average Home Value | $254,122 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,146
Multi-Family
638
Businesses
378
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Listed by: Sherry Coauette • LeBlanc Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-50
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.