609 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 609 3rd St NE, Little Falls, MN, 56345 priced at $154,900 converts $1,234/mo rent into $267/mo cash flow after a $758/mo obligation. Total monthly income equals $1,234/mo, and annual cash flow totals $3,203/yr on $51,349 invested. Return on cash invested prints 26.15% in year one, and rental yield reads 9.56% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 136.35% and total cumulative return in cash sums $70,016. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,234/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.28 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: Victoria Litteral • Your Home Sold Guaranteed Realty Exclusive
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6808543