111 Franklin Ave SWWatertownMN55388
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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
Total monthly income runs $1,412/mo, and a $1,615/mo payment. Purchase price stands at $329,900, and rental yield measures 5.14% with $1,412/mo rent. Return on cash invested shows 12.79% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 64.78% and total cumulative return in cash records $70,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,412/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1980
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55388, Watertown, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,412 (100%) |
| Owner Occupied HU | 1,977 (82.0%) |
| Renter Occupied HU | 361 (15.0%) |
| Vacant Housing Units | 74 ( 3.1%) |
| Median Home Value | $379,982 |
| Average Home Value | $429,614 |
Housing Distribution
Address Breakdown
Residential
2,114
Single Family
2,058
Multi-Family
56
Businesses
161
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