315 State Ave SWRed Lake FallsMN56750
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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 Red Lake Falls at 315 State Ave SW, Red Lake Falls, MN, 56750 earns $182/mo cash flow from $963/mo rent with a $612/mo payment. Total monthly income totals $963/mo, and annual cash flow totals $2,187/yr on $41,438 capital. ROI tracks 25.19% on current figures, and rental yield reads 9.24% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 131.34% and total cumulative return in cash sums $54,425. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $963/mo property income instead of your personal income.
Single Family
Built in 1902
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
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Listed by: Shelly Guzek • Hometown Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811658