1603 Hoven LnCrookstonMN56716
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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 1603 Hoven Ln, Crookston, MN, 56716 earns from $2,116/mo rent with a $1,752/mo payment. Total monthly income totals $2,116/mo. ROI tracks 18.7% on current figures, and rental yield reads 7.09% at a $358,000 purchase. Equity gained on principal adds $2,310/yr, and 5% annual appreciation supports $98,909 over five years. Five-year ROI reaches 96.45% and total cumulative return in cash sums $114,462. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,116/mo property income instead of your personal income.
Single Family
Built in 2019
8,276 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: Tracy Kuchan • LeBlanc Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-552
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.