1647 8th AveGranite FallsMN56241
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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 Granite Falls at 1647 8th Ave, Granite Falls, MN, 56241 generates $732/mo in rent, after a $1,444/mo payment. Total monthly income is $732/mo. Return on cash invested sits at 5.93% in year one, and rental yield is 2.98% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 28.09% and total cumulative return in cash sums $27,470. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $732/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56241, Granite Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,873 (100%) |
| Owner Occupied HU | 1,248 (66.6%) |
| Renter Occupied HU | 435 (23.2%) |
| Vacant Housing Units | 190 (10.1%) |
| Median Home Value | $208,222 |
| Average Home Value | $238,227 |
Housing Distribution
Address Breakdown
Residential
1,750
Single Family
1,508
Multi-Family
242
Businesses
195
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Nearby investment properties with comparable prices
Listed by: Kelly Sue Kruger • Full Circle Realty Group
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6713728
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