104 Alpine Rdg UNIT 3WabashaMN55981
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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 Wabasha at 104 Alpine Rdg UNIT 3, Wabasha, MN, 55981 uses $53,040 cash to close to unlock $2,712/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,225/mo, and a $783/mo payment keeps the spread at $226/mo. Purchase price stands at $160,000, and rental yield measures 9.19% with $1,225/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 130.32% and total cumulative return in cash records $69,122. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,225/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 2000
1,219 sqft lot
$N/A/sqft
No 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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