615 4th St WPark RapidsMN56470
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 Park Rapids at 615 4th St W, Park Rapids, MN, 56470 at $110,000 posts ROI 26.44% with $199/mo cash flow from $885/mo rent. Total monthly income equals $885/mo, and annual cash flow records $2,382/yr on $36,465 to close. Return on cash invested measures 26.44% and rental yield reads 9.65% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 138.02% and total cumulative return in cash totals $50,328.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $885/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1932
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56470, Park Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,740 (100%) |
| Owner Occupied HU | 3,454 (44.6%) |
| Renter Occupied HU | 1,309 (16.9%) |
| Vacant Housing Units | 2,977 (38.5%) |
| Median Home Value | $326,377 |
| Average Home Value | $407,613 |
Housing Distribution
Address Breakdown
Residential
5,787
Single Family
5,077
Multi-Family
710
Businesses
542
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Nearby investment properties with comparable prices
Listed by: Justin G Clack • Keller Williams Realty Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6683113
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