801 S Main StMahnomenMN56557
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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
Investment property for sale in Mahnomen at 801 S Main St, Mahnomen, MN, 56557 earns $1,080/mo cash flow from $1,824/mo rent with a $583/mo payment. Total monthly income totals $1,824/mo, and annual cash flow totals $12,961/yr on $39,515 capital. ROI tracks 52.71% on current figures, and rental yield reads 18.36% at a $119,200 purchase. Equity gained on principal adds $769/yr, and 5% annual appreciation supports $32,933 over five years. Five-year ROI reaches 278.92% and total cumulative return in cash sums $110,216. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,824/mo property income instead of your personal income.
Single Family
Built in 1936
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56557, Mahnomen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,172 (100%) |
| Owner Occupied HU | 633 (54.0%) |
| Renter Occupied HU | 412 (35.2%) |
| Vacant Housing Units | 127 (10.8%) |
| Median Home Value | $161,343 |
| Average Home Value | $199,325 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
755
Multi-Family
132
Businesses
106
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: Alison Hedman • Jack Chivers Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6812425
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