308 Maple Ave SThief River FallsMN56701
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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 Thief River Falls at 308 Maple Ave S, Thief River Falls, MN, 56701 priced at $167,500 pairs $1,532/mo rent with $486/mo cash flow after a $820/mo payment. Total monthly income equals $1,532/mo, and annual cash flow comes to $5,831/yr on $55,526 invested. Return on cash invested is 30.41% in year one, and rental yield stands at 10.98% on a $167,500 basis. Equity gained on principal adds $1,081/yr, and 5% annual appreciation accumulates to $46,277 by year five. Five-year ROI measures 159.24% and total cumulative return in cash reaches $88,420. For financing, Ziffy Mortgage’s DSCR program evaluates $1,532/mo property income against a $820/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56701, Thief River Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,119 (100%) |
| Owner Occupied HU | 3,882 (63.4%) |
| Renter Occupied HU | 1,728 (28.2%) |
| Vacant Housing Units | 509 ( 8.3%) |
| Median Home Value | $225,599 |
| Average Home Value | $260,832 |
Housing Distribution
Address Breakdown
Residential
6,155
Single Family
4,913
Multi-Family
1,242
Businesses
548
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Listed by: Kate Anderson • Nordin Realty Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6748331