612 Elm St SMoorheadMN56560
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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 Moorhead at 612 Elm St S, Moorhead, MN, 56560 priced at $145,000 converts $1,102/mo rent into $196/mo cash flow after a $710/mo obligation. Total monthly income equals $1,102/mo, and annual cash flow totals $2,355/yr on $48,068 invested. Return on cash invested prints 24.81% in year one, and rental yield reads 9.12% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 129.29% and total cumulative return in cash sums $62,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,102/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1916
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56560, Moorhead, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,988 (100%) |
| Owner Occupied HU | 10,864 (54.4%) |
| Renter Occupied HU | 7,732 (38.7%) |
| Vacant Housing Units | 1,392 ( 7.0%) |
| Median Home Value | $304,220 |
| Average Home Value | $340,835 |
Housing Distribution
Address Breakdown
Residential
18,934
Single Family
13,479
Multi-Family
5,455
Businesses
933
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