215 Washington AveCrookstonMN56716
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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 Crookston at 215 Washington Ave, Crookston, MN, 56716 priced at $174,900 converts $1,366/mo rent into $274/mo cash flow after a $856/mo obligation. Total monthly income equals $1,366/mo, and annual cash flow totals $3,287/yr on $57,979 invested. Return on cash invested prints 25.58% in year one, and rental yield reads 9.37% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 133.33% and total cumulative return in cash sums $77,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,366/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1902
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56716, Crookston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,004 (100%) |
| Owner Occupied HU | 2,251 (56.2%) |
| Renter Occupied HU | 1,341 (33.5%) |
| Vacant Housing Units | 412 (10.3%) |
| Median Home Value | $222,603 |
| Average Home Value | $254,122 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,146
Multi-Family
638
Businesses
378
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