916 7th Ave NWPerhamMN56573
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 916 7th Ave NW, Perham, MN, 56573 in Perham. At $369,500 it earns $2,880/mo in rent and distributes $573/mo to the owner after the $1,662/mo payment, a consistent 9.35% yield. DSCR 1.73 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $102,086 in value; $3,403/yr in principal paydown compounds ownership stake. Total projected return: $177,062.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.1% |
| Monthly Cash Flow | $573 | $850 |
City averages based on Perham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,880 |
| Total Monthly Debt Service | $2,160 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56573, Perham, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,939 (100%) |
| Owner Occupied HU | 2,063 (52.4%) |
| Renter Occupied HU | 940 (23.9%) |
| Vacant Housing Units | 936 (23.8%) |
| Median Home Value | $309,896 |
| Average Home Value | $398,617 |
Housing Distribution
Address Breakdown
Residential
3,349
Single Family
2,894
Multi-Family
455
Businesses
367
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
Single Family
Built in 2025
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56573, Perham, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,939 (100%) |
| Owner Occupied HU | 2,063 (52.4%) |
| Renter Occupied HU | 940 (23.9%) |
| Vacant Housing Units | 936 (23.8%) |
| Median Home Value | $309,896 |
| Average Home Value | $398,617 |
Housing Distribution
Address Breakdown
Residential
3,349
Single Family
2,894
Multi-Family
455
Businesses
367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices