1523 1st St EThief 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 1523 1st St E, Thief River Falls, MN, 56701 uses $34,808 cash to close to unlock $1,935/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $817/mo, and a $514/mo payment keeps the spread at $161/mo. Purchase price stands at $105,000, and rental yield measures 9.34% with $817/mo rent. Return on cash invested shows 25.47% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 132.87% and total cumulative return in cash records $46,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $817/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,583 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: #6815287