1072 1st AveWestbrookMN56183
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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 Westbrook at 1072 1st Ave, Westbrook, MN, 56183 uses $48,068 cash to close to unlock $2,835/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $1,142/mo, and a $710/mo payment keeps the spread at $236/mo. Purchase price stands at $145,000, and rental yield measures 9.45% with $1,142/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 134.6% and total cumulative return in cash records $64,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,142/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56183, Westbrook, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 469 (72.8%) |
| Renter Occupied HU | 97 (15.1%) |
| Vacant Housing Units | 78 (12.1%) |
| Median Home Value | $212,500 |
| Average Home Value | $249,659 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
489
Multi-Family
57
Businesses
51
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Listed by: Lee Fast • Heartland Real Estate Services LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6763408
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