2012 Washington AveThief 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
Rental property for sale in Thief River Falls at 2012 Washington Ave, Thief River Falls, MN, 56701 priced at $304,900 converts $1,878/mo rent into after a $1,492/mo obligation. Total monthly income equals $1,878/mo. Return on cash invested prints 19.29% in year one, and rental yield reads 7.39% against a $304,900 entry. Equity gained on principal adds $1,967/yr, while 5% annual appreciation compiles into $84,238 by year five. Five-year ROI reaches 99.71% and total cumulative return in cash sums $100,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,878/mo property income covering a $1,492/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.34 Acres 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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Nearby investment properties with comparable prices
Listed by: Robert Elliott • Grimes Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6708631
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