530 3rd Ave SWPerhamMN56573
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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 Perham at 530 3rd Ave SW, Perham, MN, 56573 generates $3,265/mo in rent and, after a $1,664/mo payment, leaves $1,142/mo in cash flow. Total monthly income is $3,265/mo, and annual cash flow is $13,706/yr on $112,677 invested. Return on cash invested sits at 32.07% in year one, and rental yield is 11.53% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 168.18% and total cumulative return in cash sums $189,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,265/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
0.52 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56573, Perham, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,939 (100%) |
| Owner Occupied HU | 2,063 (52.4%) |
| Renter Occupied HU | 940 (23.9%) |
| Vacant Housing Units | 936 (23.8%) |
| Median Home Value | $309,896 |
| Average Home Value | $398,617 |
Housing Distribution
Address Breakdown
Residential
3,349
Single Family
2,894
Multi-Family
455
Businesses
367
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