311 Kendall 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 311 Kendall Ave S, Thief River Falls, MN, 56701 priced at $239,500 converts $1,978/mo rent into $483/mo cash flow after a $1,172/mo obligation. Total monthly income equals $1,978/mo, and annual cash flow totals $5,792/yr on $79,394 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 9.91% against a $239,500 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation compiles into $66,169 by year five. Five-year ROI reaches 142.05% and total cumulative return in cash sums $112,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,978/mo property income covering a $1,172/mo payment, not borrower’s personal income.
Single Family
Built in 1999
9,583 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: Diedre Nordin • Nordin Realty Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6816623