312 State Ave NThief 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
Investment property for sale in Thief River Falls at 312 State Ave N, Thief River Falls, MN, 56701 uses $39,449 cash to close to unlock $2,536/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $954/mo, and a $582/mo payment keeps the spread at $211/mo. Purchase price stands at $119,000, and rental yield measures 9.62% with $954/mo rent. Return on cash invested shows 26.34% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 137.48% and total cumulative return in cash records $54,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $582/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1900
N/A 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: N/A • N/A
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Mls ID: #N/A