415 Broadway Ave NERed Lake FallsMN56750
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 Red Lake Falls at 415 Broadway Ave NE, Red Lake Falls, MN, 56750 uses $35,471 cash to close to unlock $2,299/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $860/mo, and a $524/mo payment keeps the spread at $192/mo. Purchase price stands at $107,000, and rental yield measures 9.64% with $860/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 137.71% and total cumulative return in cash records $48,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $860/mo property income covering a $524/mo payment rather than investor’s personal income.
Single Family
Built in 1900
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Britney Columbus • eXp Realty
Mls Name: GFBMLS
Mls ID: #25-1729