2883 105th AveMahnomenMN56557
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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 Mahnomen at 2883 105th Ave, Mahnomen, MN, 56557 uses $89,505 cash to close to unlock $6,594/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $1,322/mo payment keeps the spread at $550/mo. Purchase price stands at $270,000, and rental yield measures 9.94% with $2,236/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 142.44% and total cumulative return in cash records $127,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56557, Mahnomen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,172 (100%) |
| Owner Occupied HU | 633 (54.0%) |
| Renter Occupied HU | 412 (35.2%) |
| Vacant Housing Units | 127 (10.8%) |
| Median Home Value | $161,343 |
| Average Home Value | $199,325 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
755
Multi-Family
132
Businesses
106
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