906 2nd StInternational FallsMN56649
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 International Falls at 906 2nd St, International Falls, MN, 56649 uses $51,051 cash to close to unlock $6,265/yr annual cash flow and $522/mo monthly cash flow. Total monthly income runs $1,484/mo, and a $754/mo payment keeps the spread at $522/mo. Purchase price stands at $154,000, and rental yield measures 11.56% with $1,484/mo rent. Return on cash invested shows 32.18% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 168.82% and total cumulative return in cash records $86,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,484/mo property income covering a $754/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 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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Nearby investment properties with comparable prices
Listed by: Cari Rostie • Move it Real Estate Group/Lake
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6565671
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