515 Thompson AveFisherMN56723
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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 Fisher at 515 Thompson Ave, Fisher, MN, 56723 priced at $360,000 converts $900/mo rent into after a $1,762/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 6.35% in year one, and rental yield reads 3% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 30.21% and total cumulative return in cash sums $36,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56723, Fisher, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 385 (100%) |
| Owner Occupied HU | 291 (75.6%) |
| Renter Occupied HU | 61 (15.8%) |
| Vacant Housing Units | 33 ( 8.6%) |
| Median Home Value | $278,636 |
| Average Home Value | $300,790 |
Housing Distribution
Address Breakdown
Residential
302
Single Family
287
Multi-Family
15
Businesses
15
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Listed by: Paula Monette • Oxford Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-960
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.