608 3rd St NELittle fallsMN56345
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 Little falls at 608 3rd St NE, Little falls, MN, 56345 generates $2,110/mo in rent and, after a $1,101/mo payment, leaves $705/mo in cash flow. Total monthly income is $2,110/mo, and annual cash flow is $8,463/yr on $74,588 invested. Return on cash invested sits at 31.26% in year one, and rental yield is 11.25% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 163.79% and total cumulative return in cash sums $122,169. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,110/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.27 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becky Monson • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6788700