1104 6th St SWWadenaMN56482
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
Investment property for sale in Wadena at 1104 6th St SW, Wadena, MN, 56482 offers a 10.67% rental yield on a $259,900 purchase with $2,311/mo rent. Total monthly income registers $2,311/mo, and a $1,272/mo payment leaves $688/mo available for distribution. Annual cash flow reaches $8,258/yr on $86,157 to close, and return on cash invested stands at 29.49% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 154.36% and total cumulative return in cash at $132,994. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,311/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56482, Wadena, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,149 (100%) |
| Owner Occupied HU | 1,820 (57.8%) |
| Renter Occupied HU | 961 (30.5%) |
| Vacant Housing Units | 368 (11.7%) |
| Median Home Value | $200,679 |
| Average Home Value | $246,760 |
Housing Distribution
Address Breakdown
Residential
2,954
Single Family
2,644
Multi-Family
310
Businesses
312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices