1206 5th Ave NWheatonMN56296
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 Wheaton at 1206 5th Ave N, Wheaton, MN, 56296 generates $2,233/mo in rent and, after a $749/mo payment, leaves $1,277/mo in cash flow. Total monthly income is $2,233/mo, and annual cash flow is $15,329/yr on $50,720 invested. Return on cash invested sits at 50.13% in year one, and rental yield is 17.51% on a $153,000 entry. Equity gained on principal adds $987/yr, while 5% annual appreciation builds toward $42,271 over five years. Five-year ROI reaches 265.03% and total cumulative return in cash sums $134,424. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,233/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56296, Wheaton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,011 (100%) |
| Owner Occupied HU | 641 (63.4%) |
| Renter Occupied HU | 202 (20.0%) |
| Vacant Housing Units | 168 (16.6%) |
| Median Home Value | $163,438 |
| Average Home Value | $274,189 |
Housing Distribution
Address Breakdown
Residential
917
Single Family
754
Multi-Family
163
Businesses
123
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Nearby investment properties with comparable prices
Listed by: Matthew Karels • Strong Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6649514
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