613 Peck StFergus FallsMN56537
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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 Fergus Falls at 613 Peck St, Fergus Falls, MN, 56537 offers $1,475/mo rent that, after a $1,072/mo payment, leaves $107/mo cash flow. Total monthly income is $1,475/mo, and annual cash flow is $1,288/yr on $72,599 cash. Return on cash invested measures 21.68% in year one, and rental yield stands at 8.08% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 112.48% and total cumulative return in cash reaches $81,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,475/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.29 Acres 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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Listed by: Susan Mohagen • Mohagen Real Estate, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6748028