817 McPherson StLittleforkMN56653
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 Littlefork at 817 McPherson St, Littlefork, MN, 56653 offers a 4.31% rental yield on a $199,000 purchase with $714/mo rent. 29% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 51.4% and total cumulative return in cash at $33,906. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $714/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56653, Littlefork, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 709 (100%) |
| Owner Occupied HU | 444 (62.6%) |
| Renter Occupied HU | 82 (11.6%) |
| Vacant Housing Units | 183 (25.8%) |
| Median Home Value | $178,571 |
| Average Home Value | $220,405 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
320
Multi-Family
23
Businesses
30
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Nearby investment properties with comparable prices
Listed by: Jamie Wendt • American Woods & Waters Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6753816