1208 Elm Ave EWasecaMN56093
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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 Waseca at 1208 Elm Ave E, Waseca, MN, 56093 at $469,000 posts ROI 12.5% with from $1,969/mo rent. Total monthly income equals $1,969/mo. Return on cash invested measures 12.5% and rental yield reads 5.04% at the current $469,000. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 by year five. Five-year ROI prints 63.16% and total cumulative return in cash totals $98,203. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,969/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56093, Waseca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,177 (100%) |
| Owner Occupied HU | 3,597 (69.5%) |
| Renter Occupied HU | 1,296 (25.0%) |
| Vacant Housing Units | 284 ( 5.5%) |
| Median Home Value | $260,201 |
| Average Home Value | $295,946 |
Housing Distribution
Address Breakdown
Residential
5,101
Single Family
4,308
Multi-Family
793
Businesses
397
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