315 2nd St SEPelican RapidsMN56572
Nearby investment properties with comparable rents
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
Investment property for sale in Pelican Rapids at 315 2nd St SE, Pelican Rapids, MN, 56572 at $129,900 posts ROI 80.9% with $2,189/mo cash flow from $3,000/mo rent. Total monthly income equals $3,000/mo, and annual cash flow records $26,264/yr on $43,062 to close. Return on cash invested measures 80.9% and rental yield reads 27.71% at the current $129,900. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 by year five. Five-year ROI prints 430.03% and total cumulative return in cash totals $185,179.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,000/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1898
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Grahn • HomeSmart Adventure Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6581252
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