315 Leonard AveCrookstonMN56716
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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 Crookston at 315 Leonard Ave, Crookston, MN, 56716 offers a 3.49% rental yield on a $268,000 purchase with $780/mo rent. 84% in year one. Equity gained on principal adds $1,729/yr while 5% annual appreciation supports $74,043 over five years. Portfolio math shows five-year ROI at 38.22% and total cumulative return in cash at $33,957. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $780/mo property income against a $1,312/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56716, Crookston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,004 (100%) |
| Owner Occupied HU | 2,251 (56.2%) |
| Renter Occupied HU | 1,341 (33.5%) |
| Vacant Housing Units | 412 (10.3%) |
| Median Home Value | $222,603 |
| Average Home Value | $254,122 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,146
Multi-Family
638
Businesses
378
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