2633 29th Ave SMoorheadMN56560
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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 Moorhead at 2633 29th Ave S, Moorhead, MN, 56560 earns $58/mo cash flow from $1,806/mo rent with a $1,370/mo payment. Total monthly income totals $1,806/mo, and annual cash flow totals $698/yr on $92,787 capital. ROI tracks 20.66% on current figures, and rental yield reads 7.74% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 106.98% and total cumulative return in cash sums $99,265. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,806/mo property income instead of your personal income.
Single Family
Built in 1980
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56560, Moorhead, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,988 (100%) |
| Owner Occupied HU | 10,864 (54.4%) |
| Renter Occupied HU | 7,732 (38.7%) |
| Vacant Housing Units | 1,392 ( 7.0%) |
| Median Home Value | $304,220 |
| Average Home Value | $340,835 |
Housing Distribution
Address Breakdown
Residential
18,934
Single Family
13,479
Multi-Family
5,455
Businesses
933
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Listed by: Tina L Kraft • eXp Realty (3240 WF)
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6602671
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.