1516 19 1/2 St S APT 8MoorheadMN56560
Nearby investment properties with comparable rents
- 1 Bed
- 6 Bath
- 9000 sft
- 2 Bed
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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
Rental property for sale in Moorhead at 1516 19 1/2 St S APT 8, Moorhead, MN, 56560 generates $994/mo in rent and, after a $636/mo payment, leaves $33/mo in cash flow. Total monthly income is $994/mo, and annual cash flow is $392/yr on $43,062 invested. Return on cash invested sits at 20.82% in year one, and rental yield is 9.18% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 109.37% and total cumulative return in cash sums $47,095. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $994/mo property income rather than buyer’s personal income.
Condo
Built in 1980
10,000 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56560, Moorhead, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,988 (100%) |
| Owner Occupied HU | 10,864 (54.4%) |
| Renter Occupied HU | 7,732 (38.7%) |
| Vacant Housing Units | 1,392 ( 7.0%) |
| Median Home Value | $304,220 |
| Average Home Value | $340,835 |
Housing Distribution
Address Breakdown
Residential
18,934
Single Family
13,479
Multi-Family
5,455
Businesses
933
Nearby investment properties with comparable rents
- 1 Bed
- 6 Bath
- 9000 sft
- 2 Bed
- 1 Bath
- 1020 sft
Nearby investment properties with comparable prices