4 3rd Ave NERemerMN56672
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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 Remer at 4 3rd Ave NE, Remer, MN, 56672 uses $62,654 cash to close to unlock $2,998/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,430/mo, and a $925/mo payment keeps the spread at $250/mo. Purchase price stands at $189,000, and rental yield measures 9.08% with $1,430/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 128.57% and total cumulative return in cash records $80,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,430/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56672, Remer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 816 (35.9%) |
| Renter Occupied HU | 110 ( 4.8%) |
| Vacant Housing Units | 1,347 (59.3%) |
| Median Home Value | $384,564 |
| Average Home Value | $429,427 |
Housing Distribution
Address Breakdown
Residential
1,364
Single Family
1,315
Multi-Family
49
Businesses
66
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