1249 Oak StWabassoMN56293
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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 Wabasso at 1249 Oak St, Wabasso, MN, 56293 uses $53,040 cash to close to unlock $2,604/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,216/mo, and a $783/mo payment keeps the spread at $217/mo. Purchase price stands at $159,999, and rental yield measures 9.12% with $1,216/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 129.23% and total cumulative return in cash records $68,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,216/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.16 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56293, Wabasso, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 529 (100%) |
| Owner Occupied HU | 402 (76.0%) |
| Renter Occupied HU | 91 (17.2%) |
| Vacant Housing Units | 36 ( 6.8%) |
| Median Home Value | $210,256 |
| Average Home Value | $261,604 |
Housing Distribution
Address Breakdown
Residential
450
Single Family
411
Multi-Family
39
Businesses
43
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