609 2nd Ave NE UNIT 2Little 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
Investment property for sale in Little Falls at 609 2nd Ave NE UNIT 2, Little Falls, MN, 56345 listed at $127,500 pairs $1,306/mo rent with a $624/mo payment to leave $385/mo cash flow. Total monthly income runs $1,306/mo, and annual cash flow reaches $4,618/yr on $42,266 cash to close. Return on cash invested measures 30.84% in year one, and rental yield registers 12.29% at a $127,500 basis. Equity gained on principal adds $823/yr, and annual property appreciation at 5% supports $35,226 by year five. Five-year ROI tracks 162.82% and total cumulative return in cash totals $68,818. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,306/mo property income relative to a $624/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1967
0.32 Acres lot
$N/A/sqft
$125 monthly 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: Jeff Kruschek • RE/MAX Central MN
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6580977
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