401 W Main StPerhamMN56573
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 Perham at 401 W Main St, Perham, MN, 56573 uses $74,886 cash to close to unlock $5,184/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $1,843/mo, and a $1,106/mo payment keeps the spread at $432/mo. Purchase price stands at $225,900, and rental yield measures 9.79% with $1,843/mo rent. Return on cash invested shows 26.83% in year one, and 5% annual appreciation builds toward $62,412 over five years. Five-year ROI reaches 140.11% and total cumulative return in cash records $104,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,843/mo property income covering a $1,106/mo payment rather than investor’s personal income.
Single Family
Built in 1953
10,454 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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Listed by: Chadwick Anderson • New Horizons Realty Of Perham
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6627619
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