16145 County Highway 116Fergus FallsMN56537
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fergus Falls at 16145 County Highway 116, Fergus Falls, MN, 56537 generates $1,320/mo in rent, after a $1,223/mo payment. Total monthly income is $1,320/mo. Return on cash invested sits at 16.43% in year one, and rental yield is 6.34% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 84.26% and total cumulative return in cash sums $69,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56537, Fergus Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,307 (100%) |
| Owner Occupied HU | 5,712 (61.4%) |
| Renter Occupied HU | 2,527 (27.2%) |
| Vacant Housing Units | 1,068 (11.5%) |
| Median Home Value | $267,806 |
| Average Home Value | $335,968 |
Housing Distribution
Address Breakdown
Residential
8,831
Single Family
7,325
Multi-Family
1,506
Businesses
704
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Nearby investment properties with comparable prices
Listed by: Zachary Good • Lakes Family Real Estate/Otter Tail Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6787085