1057 Provence LnWaconiaMN55387
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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
Rental property for sale in Waconia at 1057 Provence Ln, Waconia, MN, 55387 priced at $347,500 pairs $3,071/mo rent with $601/mo cash flow after a $1,701/mo payment. Total monthly income equals $3,071/mo, and annual cash flow comes to $7,211/yr on $115,196 invested. Return on cash invested is 26.17% in year one, and rental yield stands at 10.6% on a $347,500 basis. Equity gained on principal adds $2,242/yr, and 5% annual appreciation accumulates to $96,008 by year five. Five-year ROI measures 137.61% and total cumulative return in cash reaches $158,517. For financing, Ziffy Mortgage’s DSCR program evaluates $3,071/mo property income against a $1,701/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2006
1,742 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55387, Waconia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,927 (100%) |
| Owner Occupied HU | 4,545 (76.7%) |
| Renter Occupied HU | 1,157 (19.5%) |
| Vacant Housing Units | 225 ( 3.8%) |
| Median Home Value | $477,570 |
| Average Home Value | $536,279 |
Housing Distribution
Address Breakdown
Residential
6,002
Single Family
5,136
Multi-Family
866
Businesses
460
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Nearby investment properties with comparable prices
Listed by: Kelly Beck • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6704312
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