202 Buse Ave NERed Lake FallsMN56750
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Red Lake Falls at 202 Buse Ave NE, Red Lake Falls, MN, 56750 earns from $1,742/mo rent with a $1,467/mo payment. Total monthly income totals $1,742/mo. ROI tracks 18.34% on current figures, and rental yield reads 6.97% at a $299,700 purchase. Equity gained on principal adds $1,934/yr, and 5% annual appreciation supports $82,802 over five years. Five-year ROI reaches 94.54% and total cumulative return in cash sums $93,926. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,742/mo property income instead of your personal income.
Single Family
Built in 1900
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Wold • USA Realty Thief River Falls
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6803136