503 3rd St NEFosstonMN56542
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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 Fosston at 503 3rd St NE, Fosston, MN, 56542 earns $510/mo cash flow from $1,546/mo rent with a $812/mo payment. Total monthly income totals $1,546/mo, and annual cash flow totals $6,119/yr on $55,029 capital. ROI tracks 31.03% on current figures, and rental yield reads 11.18% at a $166,000 purchase. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,863 over five years. Five-year ROI reaches 162.53% and total cumulative return in cash sums $89,437. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,546/mo property income instead of your personal income.
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56542, Fosston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 781 (63.4%) |
| Renter Occupied HU | 277 (22.5%) |
| Vacant Housing Units | 174 (14.1%) |
| Median Home Value | $212,500 |
| Average Home Value | $258,390 |
Housing Distribution
Address Breakdown
Residential
1,176
Single Family
1,052
Multi-Family
124
Businesses
138
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