613 E Vernon AveFergus FallsMN56537
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 Fergus Falls at 613 E Vernon Ave, Fergus Falls, MN, 56537 priced at $154,900 converts $1,722/mo rent into $755/mo cash flow after a $758/mo obligation. Total monthly income equals $1,722/mo, and annual cash flow totals $9,059/yr on $51,349 invested. Return on cash invested prints 37.55% in year one, and rental yield reads 13.34% 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 197.51% and total cumulative return in cash sums $101,420. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,722/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1930
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56537, Fergus Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,307 (100%) |
| Owner Occupied HU | 5,712 (61.4%) |
| Renter Occupied HU | 2,527 (27.2%) |
| Vacant Housing Units | 1,068 (11.5%) |
| Median Home Value | $267,806 |
| Average Home Value | $335,968 |
Housing Distribution
Address Breakdown
Residential
8,831
Single Family
7,325
Multi-Family
1,506
Businesses
704
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Nearby investment properties with comparable prices
Listed by: Zachary Good • Lakes Family Real Estate/Otter Tail Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6761213
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