314 E Vernon AveFergus FallsMN56537
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Nearby investment properties with comparable prices
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 Fergus Falls at 314 E Vernon Ave, Fergus Falls, MN, 56537 priced at $144,900 converts $1,108/mo rent into $203/mo cash flow after a $709/mo obligation. Total monthly income equals $1,108/mo, and annual cash flow totals $2,441/yr on $48,034 invested. Return on cash invested prints 24.99% in year one, and rental yield reads 9.18% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 130.21% and total cumulative return in cash sums $62,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,108/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1901
0.16 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56537, Fergus Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,307 (100%) |
| Owner Occupied HU | 5,712 (61.4%) |
| Renter Occupied HU | 2,527 (27.2%) |
| Vacant Housing Units | 1,068 (11.5%) |
| Median Home Value | $267,806 |
| Average Home Value | $335,968 |
Housing Distribution
Address Breakdown
Residential
8,831
Single Family
7,325
Multi-Family
1,506
Businesses
704
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Listed by: Brandon Lambert • Keller Williams Realty Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820943