244 E 3rd StKnife RiverMN55609
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
Rental property for sale in Knife River at 244 E 3rd St, Knife River, MN, 55609 generates $3,048/mo in rent and, after a $2,349/mo payment, leaves $51/mo in cash flow. Total monthly income is $3,048/mo, and annual cash flow is $612/yr on $159,120 invested. Return on cash invested sits at 20.29% in year one, and rental yield is 7.62% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 104.97% and total cumulative return in cash sums $167,021. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,048/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55609, Knife River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Nearby investment properties with comparable prices
Listed by: Deanna Bennett • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119877
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.