600 1st Ave NWPelican RapidsMN56572
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
Rental property for sale in Pelican Rapids at 600 1st Ave NW, Pelican Rapids, MN, 56572 priced at $159,000 converts $3,011/mo rent into $2,018/mo cash flow after a $778/mo obligation. Total monthly income equals $3,011/mo, and annual cash flow totals $24,220/yr on $52,709 invested. Return on cash invested prints 65.86% in year one, and rental yield reads 22.72% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 349.35% and total cumulative return in cash sums $184,140. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,011/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in 1874
4.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Grahn • HomeSmart Adventure Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6591842
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