508 W 1st AveOsakisMN56360
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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 Osakis at 508 W 1st Ave, Osakis, MN, 56360 listed at $199,000 pairs $2,276/mo rent with a $974/mo payment to leave $1,033/mo cash flow. Total monthly income runs $2,276/mo, and annual cash flow reaches $12,400/yr on $65,969 cash to close. Return on cash invested measures 38.71% in year one, and rental yield registers 13.72% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 203.76% and total cumulative return in cash totals $134,418. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,276/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56360, Osakis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,701 (100%) |
| Owner Occupied HU | 1,453 (53.8%) |
| Renter Occupied HU | 315 (11.7%) |
| Vacant Housing Units | 933 (34.5%) |
| Median Home Value | $307,944 |
| Average Home Value | $348,918 |
Housing Distribution
Address Breakdown
Residential
1,725
Single Family
1,610
Multi-Family
115
Businesses
98
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