315 9th St NWFosstonMN56542
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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 Fosston at 315 9th St NW, Fosston, MN, 56542 with 5% annual appreciation on a $324,900 basis while $1,878/mo rent supports operations. 23% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,764 alongside rental yield of 6.94%. Five-year ROI measures 93.94% and total cumulative return in cash totals $101,177. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,878/mo property income versus a $1,590/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56542, Fosston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 781 (63.4%) |
| Renter Occupied HU | 277 (22.5%) |
| Vacant Housing Units | 174 (14.1%) |
| Median Home Value | $212,500 |
| Average Home Value | $258,390 |
Housing Distribution
Address Breakdown
Residential
1,176
Single Family
1,052
Multi-Family
124
Businesses
138
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Listed by: Sherry Coauette • LeBlanc Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #24-1411
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.