509 1st StBellinghamMN56212
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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 Bellingham at 509 1st St, Bellingham, MN, 56212 uses $56,024 cash to close to unlock $2,686/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,279/mo, and a $827/mo payment keeps the spread at $224/mo. Purchase price stands at $169,000, and rental yield measures 9.08% with $1,279/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 128.64% and total cumulative return in cash records $72,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,279/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56212, Bellingham, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 254 (100%) |
| Owner Occupied HU | 180 (70.9%) |
| Renter Occupied HU | 21 ( 8.3%) |
| Vacant Housing Units | 53 (20.9%) |
| Median Home Value | $137,500 |
| Average Home Value | $258,319 |
Housing Distribution
Address Breakdown
Residential
147
Single Family
147
Multi-Family
0
Businesses
14
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Listed by: Carrie L Hausmann • Century 21 First Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6787744