350 7th AveFoleyMN56329
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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 Foley at 350 7th Ave, Foley, MN, 56329 uses $57,979 cash to close to unlock $6,959/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $1,672/mo, and a $856/mo payment keeps the spread at $580/mo. Purchase price stands at $174,900, and rental yield measures 11.47% with $1,672/mo rent. Return on cash invested shows 31.91% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 167.29% and total cumulative return in cash records $96,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,672/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1950
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56329, Foley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 2,414 (81.2%) |
| Renter Occupied HU | 432 (14.5%) |
| Vacant Housing Units | 127 ( 4.3%) |
| Median Home Value | $324,421 |
| Average Home Value | $370,910 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,417
Multi-Family
152
Businesses
164
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