510 S Oak StFergus FallsMN56537
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 Fergus Falls at 510 S Oak St, Fergus Falls, MN, 56537 with 5% annual appreciation on a $309,000 basis while $1,028/mo rent supports operations. 35% in year one. Equity gained on principal adds $1,994/yr, and five-year appreciation sums $85,371 alongside rental yield of 3.99%. Five-year ROI measures 46.3% and total cumulative return in cash totals $47,429. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,028/mo property income versus a $1,512/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56537, Fergus Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,307 (100%) |
| Owner Occupied HU | 5,712 (61.4%) |
| Renter Occupied HU | 2,527 (27.2%) |
| Vacant Housing Units | 1,068 (11.5%) |
| Median Home Value | $267,806 |
| Average Home Value | $335,968 |
Housing Distribution
Address Breakdown
Residential
8,831
Single Family
7,325
Multi-Family
1,506
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary S Pettit • Trilogy Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6682023
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