415 2nd Ave NECrookstonMN56716
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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 Crookston at 415 2nd Ave NE, Crookston, MN, 56716 priced at $209,000 pairs $1,777/mo rent with $391/mo cash flow after a $1,023/mo payment. Total monthly income equals $1,777/mo, and annual cash flow comes to $4,697/yr on $69,284 invested. Return on cash invested is 26.69% in year one, and rental yield stands at 10.2% on a $209,000 basis. Equity gained on principal adds $1,349/yr, and 5% annual appreciation accumulates to $57,743 by year five. Five-year ROI measures 139.81% and total cumulative return in cash reaches $96,866. For financing, Ziffy Mortgage’s DSCR program evaluates $1,777/mo property income against a $1,023/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1977
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56716, Crookston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,004 (100%) |
| Owner Occupied HU | 2,251 (56.2%) |
| Renter Occupied HU | 1,341 (33.5%) |
| Vacant Housing Units | 412 (10.3%) |
| Median Home Value | $222,603 |
| Average Home Value | $254,122 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,146
Multi-Family
638
Businesses
378
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Listed by: Preston Dahl • Oxford Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-287
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.