607 Saint Johns Ave SERed Lake FallsMN56750
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 Red Lake Falls at 607 Saint Johns Ave SE, Red Lake Falls, MN, 56750 listed at $129,900 pairs $982/mo rent with a $636/mo payment to leave $135/mo cash flow. Total monthly income runs $982/mo, and annual cash flow reaches $1,619/yr on $43,062 cash to close. Return on cash invested measures 23.67% in year one, and rental yield registers 9.07% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 123.44% and total cumulative return in cash totals $53,155. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $982/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1939
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56750, Red Lake Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 816 (69.6%) |
| Renter Occupied HU | 211 (18.0%) |
| Vacant Housing Units | 146 (12.4%) |
| Median Home Value | $199,603 |
| Average Home Value | $236,964 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
931
Multi-Family
70
Businesses
107
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Nearby investment properties with comparable prices
Listed by: Danielle Martinez • HOMESTEAD ROAD
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6728542
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