310 E Main AveFrazeeMN56544
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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 Frazee at 310 E Main Ave, Frazee, MN, 56544 priced at $104,400 pairs $0/mo rent with after a $511/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.7% in year one, and rental yield stands at 0% on a $104,400 basis. Equity gained on principal adds $674/yr, and 5% annual appreciation accumulates to $28,844 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $511/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56544, Frazee, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,773 (100%) |
| Owner Occupied HU | 1,651 (59.5%) |
| Renter Occupied HU | 400 (14.4%) |
| Vacant Housing Units | 722 (26.0%) |
| Median Home Value | $319,088 |
| Average Home Value | $384,861 |
Housing Distribution
Address Breakdown
Residential
2,177
Single Family
2,107
Multi-Family
70
Businesses
80
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Austin C Bachmann • Counselor Realty of Detroit Lakes
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6618054
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