317 Broadway SPELICAN RAPIDSMN56572
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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 PELICAN RAPIDS at 317 Broadway S, PELICAN RAPIDS, MN, 56572 with 5% annual appreciation on a $175,000 basis while $1,915/mo rent supports operations. Total monthly income totals $1,915/mo and a $857/mo payment preserves $822/mo for cash returns. Annual cash flow comes to $9,861/yr on $58,013 deployed, and return on cash invested reaches 36.91% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 13.13%. Five-year ROI measures 194.08% and total cumulative return in cash totals $112,591.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,915/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1928
6,534 sqft 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
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Listed by: Arianna Zavala • REALTY XPERTS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6792712