215 Front St ERedwood FallsMN56283
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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
Rental property for sale in Redwood Falls at 215 Front St E, Redwood Falls, MN, 56283 offers $1,306/mo rent that, after a $734/mo payment, leaves $370/mo cash flow. Total monthly income is $1,306/mo, and annual cash flow is $4,434/yr on $49,725 cash. Return on cash invested measures 28.83% in year one, and rental yield stands at 10.45% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 150.79% and total cumulative return in cash reaches $74,982. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,306/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
0.15 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: Tony Schwartz • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005014