221 E 6th StCrookstonMN56716
Nearby investment properties with comparable rents
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 Crookston at 221 E 6th St, Crookston, MN, 56716 uses $72,267 cash to close to unlock $7,760/yr annual cash flow and $647/mo monthly cash flow. Total monthly income runs $2,008/mo, and a $1,067/mo payment keeps the spread at $647/mo. Purchase price stands at $218,000, and rental yield measures 11.05% with $2,008/mo rent. Return on cash invested shows 30.65% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 160.5% and total cumulative return in cash records $115,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,008/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Single Family
Built in 1916
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices