310 1st St NE,Deer River,MN,56636

Investment Highlights

Rental property for sale in Deer River at 310 1st St NE, Deer River, MN, 56636 generates $1,409/mo in rent and, after a $1,101/mo payment, leaves $4/mo in cash flow. Total monthly income is $1,409/mo, and annual cash flow is $51/yr on $74,588 invested. Return on cash invested sits at 19.98% in year one, and rental yield is 7.51% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 103.32% and total cumulative return in cash sums $77,061. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,409/mo property income rather than buyer’s personal income.