315 W 7th AveFergus FallsMN56537
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 Fergus Falls at 315 W 7th Ave, Fergus Falls, MN, 56537 offers a 11.8% rental yield on a $172,900 purchase with $1,700/mo rent. Total monthly income registers $1,700/mo, and a $846/mo payment leaves $621/mo available for distribution. Annual cash flow reaches $7,447/yr on $57,316 to close, and return on cash invested stands at 32.9% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,769 over five years. Portfolio math shows five-year ROI at 172.61% and total cumulative return in cash at $98,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,700/mo property income against a $846/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.26 Acres 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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Nearby investment properties with comparable prices
Listed by: David E. Weinrich • The Edge Real Estate Company
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6615843
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