1619 Cedar CtCrookstonMN56716
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 Crookston at 1619 Cedar Ct, Crookston, MN, 56716 generates $2,698/mo in rent and, after a $1,899/mo payment, leaves $275/mo in cash flow. Total monthly income is $2,698/mo, and annual cash flow is $3,304/yr on $128,589 invested. Return on cash invested sits at 22.48% in year one, and rental yield is 8.35% on a $387,900 entry. Equity gained on principal adds $2,503/yr, while 5% annual appreciation builds toward $107,170 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $150,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,698/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.37 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Perreault • LeBlanc Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #24-545
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.