103 Alpine Rdg UNIT 1WabashaMN55981
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
Rental property for sale in Wabasha at 103 Alpine Rdg UNIT 1, Wabasha, MN, 55981 priced at $150,000 converts $1,492/mo rent into $437/mo cash flow after a $734/mo obligation. Total monthly income equals $1,492/mo, and annual cash flow totals $5,248/yr on $49,725 invested. Return on cash invested prints 30.46% in year one, and rental yield reads 11.94% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 160.59% and total cumulative return in cash sums $79,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,492/mo property income covering a $734/mo payment, not borrower’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$110 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55981, Wabasha, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,333 (100%) |
| Owner Occupied HU | 1,460 (62.6%) |
| Renter Occupied HU | 450 (19.3%) |
| Vacant Housing Units | 423 (18.1%) |
| Median Home Value | $279,518 |
| Average Home Value | $344,623 |
Housing Distribution
Address Breakdown
Residential
2,016
Single Family
1,837
Multi-Family
179
Businesses
193
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Nearby investment properties with comparable prices
Listed by: Robin Gwaltney • Re/Max Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6695832
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