310 5th Ave SCrookstonMN56716
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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 Crookston at 310 5th Ave S, Crookston, MN, 56716 offers a 10.8% rental yield on a $189,900 purchase with $1,709/mo rent. Total monthly income registers $1,709/mo, and a $929/mo payment leaves $524/mo available for distribution. Annual cash flow reaches $6,284/yr on $62,952 to close, and return on cash invested stands at 29.89% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 156.47% and total cumulative return in cash at $98,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,709/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56716, Crookston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,004 (100%) |
| Owner Occupied HU | 2,251 (56.2%) |
| Renter Occupied HU | 1,341 (33.5%) |
| Vacant Housing Units | 412 (10.3%) |
| Median Home Value | $222,603 |
| Average Home Value | $254,122 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,146
Multi-Family
638
Businesses
378
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