211 3rd St SWLittle FallsMN56345
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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 Little Falls at 211 3rd St SW, Little Falls, MN, 56345 generates $1,424/mo in rent and, after a $538/mo payment, leaves $728/mo in cash flow. Total monthly income is $1,424/mo, and annual cash flow is $8,732/yr on $36,432 invested. Return on cash invested sits at 43.88% in year one, and rental yield is 15.55% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 231.6% and total cumulative return in cash sums $84,376. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,424/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56345, Little Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,875 (100%) |
| Owner Occupied HU | 4,612 (67.1%) |
| Renter Occupied HU | 1,869 (27.2%) |
| Vacant Housing Units | 394 ( 5.7%) |
| Median Home Value | $259,428 |
| Average Home Value | $297,151 |
Housing Distribution
Address Breakdown
Residential
6,631
Single Family
5,810
Multi-Family
821
Businesses
555
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Daniel Pflugshaupt • Gallery of Homes
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6614351
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