514 Adams Ave SWRed Lake FallsMN56750
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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
Rental property for sale in Red Lake Falls at 514 Adams Ave SW, Red Lake Falls, MN, 56750 priced at $115,000 converts $960/mo rent into $242/mo cash flow after a $563/mo obligation. Total monthly income equals $960/mo, and annual cash flow totals $2,901/yr on $38,123 invested. Return on cash invested prints 27.52% in year one, and rental yield reads 10.02% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 143.75% and total cumulative return in cash sums $54,801. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1941
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
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Listed by: Ross Roragen • Juve Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820937