1513 Cartway DrThief River FallsMN56701
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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 Thief River Falls at 1513 Cartway Dr, Thief River Falls, MN, 56701 offers a 9.49% rental yield on a $285,000 purchase with $2,254/mo rent. Total monthly income registers $2,254/mo, and a $1,395/mo payment leaves $474/mo available for distribution. Annual cash flow reaches $5,691/yr on $94,478 to close, and return on cash invested stands at 25.93% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 135.26% and total cumulative return in cash at $127,794. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,254/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56701, Thief River Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,119 (100%) |
| Owner Occupied HU | 3,882 (63.4%) |
| Renter Occupied HU | 1,728 (28.2%) |
| Vacant Housing Units | 509 ( 8.3%) |
| Median Home Value | $225,599 |
| Average Home Value | $260,832 |
Housing Distribution
Address Breakdown
Residential
6,155
Single Family
4,913
Multi-Family
1,242
Businesses
548
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Listed by: Shelly Guzek • Hometown Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6787586