716 2nd St NEFosstonMN56542
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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 Fosston at 716 2nd St NE, Fosston, MN, 56542 generates $0/mo in rent, after a $1,566/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.7% in year one, and rental yield is 0% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56542, Fosston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 781 (63.4%) |
| Renter Occupied HU | 277 (22.5%) |
| Vacant Housing Units | 174 (14.1%) |
| Median Home Value | $212,500 |
| Average Home Value | $258,390 |
Housing Distribution
Address Breakdown
Residential
1,176
Single Family
1,052
Multi-Family
124
Businesses
138
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices