406 3rd St SEDeer RiverMN56636
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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
Rental property for sale in Deer River at 406 3rd St SE, Deer River, MN, 56636 generates $1,010/mo in rent and, after a $636/mo payment, leaves $199/mo in cash flow. Total monthly income is $1,010/mo, and annual cash flow is $2,384/yr on $43,062 invested. Return on cash invested sits at 25.44% in year one, and rental yield is 9.33% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 132.64% and total cumulative return in cash sums $57,115. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,010/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.32 Acres lot
$N/A/sqft
No HOA
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Listed by: Mitchel Kellin • COLDWELL BANKER NORTHWOODS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6825825