2008 Nelson DrThief River FallsMN56701
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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 Thief River Falls at 2008 Nelson Dr, Thief River Falls, MN, 56701 with 5% annual appreciation on a $330,000 basis while $2,100/mo rent supports operations. Total monthly income totals $2,100/mo and a $1,615/mo payment preserves $40/mo for cash returns. Annual cash flow comes to $474/yr on $109,395 deployed, and return on cash invested reaches 20.34% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,173 alongside rental yield of 7.64%. Five-year ROI measures 105.26% and total cumulative return in cash totals $115,151.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,100/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56701, Thief River Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,119 (100%) |
| Owner Occupied HU | 3,882 (63.4%) |
| Renter Occupied HU | 1,728 (28.2%) |
| Vacant Housing Units | 509 ( 8.3%) |
| Median Home Value | $225,599 |
| Average Home Value | $260,832 |
Housing Distribution
Address Breakdown
Residential
6,155
Single Family
4,913
Multi-Family
1,242
Businesses
548
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Listed by: James Keeley • HomeSmart Adventure Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6714449