23725 240th AveFergus FallsMN56537
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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 Fergus Falls at 23725 240th Ave, Fergus Falls, MN, 56537 generates $1,877/mo in rent, after a $1,657/mo payment. Total monthly income is $1,877/mo. Return on cash invested sits at 17.37% in year one, and rental yield is 6.65% on a $338,500 entry. Equity gained on principal adds $2,184/yr, while 5% annual appreciation builds toward $93,521 over five years. Five-year ROI reaches 89.37% and total cumulative return in cash sums $100,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,877/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
2.50 Acres 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
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