829 23rd Ave SMoorheadMN56560
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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 Moorhead at 829 23rd Ave S, Moorhead, MN, 56560 uses $56,355 cash to close to unlock $3,006/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $1,312/mo, and a $832/mo payment keeps the spread at $251/mo. Purchase price stands at $170,000, and rental yield measures 9.26% with $1,312/mo rent. Return on cash invested shows 25.24% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 131.57% and total cumulative return in cash records $74,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,312/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1966
0.06 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56560, Moorhead, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,988 (100%) |
| Owner Occupied HU | 10,864 (54.4%) |
| Renter Occupied HU | 7,732 (38.7%) |
| Vacant Housing Units | 1,392 ( 7.0%) |
| Median Home Value | $304,220 |
| Average Home Value | $340,835 |
Housing Distribution
Address Breakdown
Residential
18,934
Single Family
13,479
Multi-Family
5,455
Businesses
933
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