310 Marshall Ave NERed Lake FallsMN56750
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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 Red Lake Falls at 310 Marshall Ave NE, Red Lake Falls, MN, 56750 listed at $169,900 pairs $1,286/mo rent with a $832/mo payment to leave $225/mo cash flow. Total monthly income runs $1,286/mo, and annual cash flow reaches $2,696/yr on $56,322 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 9.08% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 128.63% and total cumulative return in cash totals $72,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,286/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
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Listed by: Shelly Guzek • Hometown Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6771423