6 Cherry AveLittle FallsMN56345
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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
Investment property for sale in Little Falls at 6 Cherry Ave, Little Falls, MN, 56345 earns $425/mo cash flow from $1,673/mo rent with a $978/mo payment. Total monthly income totals $1,673/mo, and annual cash flow totals $5,102/yr on $66,267 capital. ROI tracks 27.61% on current figures, and rental yield reads 10.04% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 144.27% and total cumulative return in cash sums $95,605. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,673/mo property income instead of your personal income.
Single Family
Built in 1947
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56345, Little Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,875 (100%) |
| Owner Occupied HU | 4,612 (67.1%) |
| Renter Occupied HU | 1,869 (27.2%) |
| Vacant Housing Units | 394 ( 5.7%) |
| Median Home Value | $259,428 |
| Average Home Value | $297,151 |
Housing Distribution
Address Breakdown
Residential
6,631
Single Family
5,810
Multi-Family
821
Businesses
555
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Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6808998