215 W Alcott AveFergus FallsMN56537
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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
Investment property for sale in Fergus Falls at 215 W Alcott Ave, Fergus Falls, MN, 56537 with 5% annual appreciation on a $178,300 basis while $1,992/mo rent supports operations. Total monthly income totals $1,992/mo and a $873/mo payment preserves $875/mo for cash returns. Annual cash flow comes to $10,500/yr on $59,106 deployed, and return on cash invested reaches 37.67% in year one. Equity gained on principal adds $1,151/yr, and five-year appreciation sums $49,261 alongside rental yield of 13.41%. Five-year ROI measures 198.31% and total cumulative return in cash totals $117,215.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,992/mo property income versus a $873/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1922
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56537, Fergus Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,307 (100%) |
| Owner Occupied HU | 5,712 (61.4%) |
| Renter Occupied HU | 2,527 (27.2%) |
| Vacant Housing Units | 1,068 (11.5%) |
| Median Home Value | $267,806 |
| Average Home Value | $335,968 |
Housing Distribution
Address Breakdown
Residential
8,831
Single Family
7,325
Multi-Family
1,506
Businesses
704
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Nearby investment properties with comparable prices
Listed by: Hailey Budke • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6762496
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