201 Norman Ave SFoleyMN56329
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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 Foley at 201 Norman Ave S, Foley, MN, 56329 priced at $325,000 converts $1,940/mo rent into after a $1,591/mo obligation. Total monthly income equals $1,940/mo. Return on cash invested prints 18.91% in year one, and rental yield reads 7.16% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 97.58% and total cumulative return in cash sums $105,133. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1904
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56329, Foley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 2,414 (81.2%) |
| Renter Occupied HU | 432 (14.5%) |
| Vacant Housing Units | 127 ( 4.3%) |
| Median Home Value | $324,421 |
| Average Home Value | $370,910 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,417
Multi-Family
152
Businesses
164
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