234 3rd Ave NCrookstonMN56716
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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
Investment property for sale in Crookston at 234 3rd Ave N, Crookston, MN, 56716 uses $44,753 cash to close to unlock $2,085/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,017/mo, and a $661/mo payment keeps the spread at $174/mo. Purchase price stands at $135,000, and rental yield measures 9.04% with $1,017/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 127.93% and total cumulative return in cash records $57,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,017/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,969 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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Listed by: Andrea Ness • LeBlanc Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1198
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.