508 5th St WPark RapidsMN56470
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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 Park Rapids at 508 5th St W, Park Rapids, MN, 56470 with 5% annual appreciation on a $154,900 basis while $1,560/mo rent supports operations. Total monthly income totals $1,560/mo and a $758/mo payment preserves $498/mo for cash returns. Annual cash flow comes to $5,978/yr on $51,349 deployed, and return on cash invested reaches 31.55% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,796 alongside rental yield of 12.09%. Five-year ROI measures 166.24% and total cumulative return in cash totals $85,364.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,560/mo property income versus a $758/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56470, Park Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,740 (100%) |
| Owner Occupied HU | 3,454 (44.6%) |
| Renter Occupied HU | 1,309 (16.9%) |
| Vacant Housing Units | 2,977 (38.5%) |
| Median Home Value | $326,377 |
| Average Home Value | $407,613 |
Housing Distribution
Address Breakdown
Residential
5,787
Single Family
5,077
Multi-Family
710
Businesses
542
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Nearby investment properties with comparable prices
Listed by: Betty L Eischens • Affinity Real Estate Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6538636
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