344 2nd St SEPerhamMN56573
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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 Perham at 344 2nd St SE, Perham, MN, 56573 offers a 11.27% rental yield on a $210,000 purchase with $1,973/mo rent. Total monthly income registers $1,973/mo, and a $1,028/mo payment leaves $662/mo available for distribution. Annual cash flow reaches $7,938/yr on $69,615 to close, and return on cash invested stands at 31.31% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 164.11% and total cumulative return in cash at $114,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,973/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56573, Perham, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,939 (100%) |
| Owner Occupied HU | 2,063 (52.4%) |
| Renter Occupied HU | 940 (23.9%) |
| Vacant Housing Units | 936 (23.8%) |
| Median Home Value | $309,896 |
| Average Home Value | $398,617 |
Housing Distribution
Address Breakdown
Residential
3,349
Single Family
2,894
Multi-Family
455
Businesses
367
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