1101 Hewitt BlvdRed WingMN55066
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 Red Wing at 1101 Hewitt Blvd, Red Wing, MN, 55066 priced at $537,843 converts $2,866/mo rent into after a $2,632/mo obligation. Total monthly income equals $2,866/mo. Return on cash invested prints 15.91% in year one, and rental yield reads 6.39% against a $537,843 entry. Equity gained on principal adds $3,471/yr, while 5% annual appreciation compiles into $148,596 by year five. Five-year ROI reaches 81.72% and total cumulative return in cash sums $144,609. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,866/mo property income covering a $2,632/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
3,920 sqft lot
$N/A/sqft
$120 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55066, Red Wing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,639 (100%) |
| Owner Occupied HU | 5,722 (66.2%) |
| Renter Occupied HU | 2,426 (28.1%) |
| Vacant Housing Units | 491 ( 5.7%) |
| Median Home Value | $299,791 |
| Average Home Value | $345,687 |
Housing Distribution
Address Breakdown
Residential
8,540
Single Family
6,971
Multi-Family
1,569
Businesses
699
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Nearby investment properties with comparable prices
Listed by: Elizabeth J Gemelli • Realty Group LLC
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6606623
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-15 13:11:33 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)