516 1st Ave NECrookstonMN56716
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 Crookston at 516 1st Ave NE, Crookston, MN, 56716 with 5% annual appreciation on a $196,900 basis while $1,920/mo rent supports operations. Total monthly income totals $1,920/mo and a $964/mo payment preserves $678/mo for cash returns. Annual cash flow comes to $8,131/yr on $65,272 deployed, and return on cash invested reaches 32.37% in year one. Equity gained on principal adds $1,271/yr, and five-year appreciation sums $54,400 alongside rental yield of 11.7%. Five-year ROI measures 169.83% and total cumulative return in cash totals $110,851.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,920/mo property income versus a $964/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56716, Crookston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,004 (100%) |
| Owner Occupied HU | 2,251 (56.2%) |
| Renter Occupied HU | 1,341 (33.5%) |
| Vacant Housing Units | 412 (10.3%) |
| Median Home Value | $222,603 |
| Average Home Value | $254,122 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,146
Multi-Family
638
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices