816 3rd StInternational FallsMN56649
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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 International Falls at 816 3rd St, International Falls, MN, 56649 generates $965/mo in rent and, after a $611/mo payment, leaves $185/mo in cash flow. Total monthly income is $965/mo, and annual cash flow is $2,225/yr on $41,404 invested. Return on cash invested sits at 25.28% in year one, and rental yield is 9.27% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 131.81% and total cumulative return in cash sums $54,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $965/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56649, International Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,199 (100%) |
| Owner Occupied HU | 3,179 (61.1%) |
| Renter Occupied HU | 992 (19.1%) |
| Vacant Housing Units | 1,028 (19.8%) |
| Median Home Value | $167,385 |
| Average Home Value | $236,025 |
Housing Distribution
Address Breakdown
Residential
4,209
Single Family
3,857
Multi-Family
352
Businesses
360
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Listed by: Cari Rostie • Move it Real Estate Group/Lake
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794268