203 E Fletcher AveWarrenMN56762
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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 Warren at 203 E Fletcher Ave, Warren, MN, 56762 offers $960/mo rent that, after a $967/mo payment. Total monthly income is $960/mo. Return on cash invested measures 14.89% in year one, and rental yield stands at 5.83% at a $197,500 entry. Equity gained on principal adds $1,274/yr while 5% annual appreciation compounds into $54,566 by year five. Five-year ROI records 76.07% and total cumulative return in cash reaches $49,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $967/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56762, Warren, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,076 (100%) |
| Owner Occupied HU | 719 (66.8%) |
| Renter Occupied HU | 235 (21.8%) |
| Vacant Housing Units | 122 (11.3%) |
| Median Home Value | $194,518 |
| Average Home Value | $217,090 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
973
Multi-Family
162
Businesses
142
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Listed by: Zach Finney • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-378
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.