18 6th St NEPelican RapidsMN56572
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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 Pelican Rapids at 18 6th St NE, Pelican Rapids, MN, 56572 generates $1,590/mo in rent and, after a $974/mo payment, leaves $347/mo in cash flow. Total monthly income is $1,590/mo, and annual cash flow is $4,170/yr on $65,935 invested. Return on cash invested sits at 26.23% in year one, and rental yield is 9.59% on a $198,900 entry. Equity gained on principal adds $1,283/yr, while 5% annual appreciation builds toward $54,952 over five years. Five-year ROI reaches 136.88% and total cumulative return in cash sums $90,251. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,590/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
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