1420 16th St SWWillmarMN56201
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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
Rental property for sale in Willmar at 1420 16th St SW, Willmar, MN, 56201 generates $2,605/mo in rent, after a $1,527/mo payment. Total monthly income is $2,605/mo. Return on cash invested sits at 13.5% in year one, and rental yield is 10.02% on a $312,000 entry. Equity gained on principal adds $2,013/yr, while 5% annual appreciation builds toward $86,200 over five years. Five-year ROI reaches 73.64% and total cumulative return in cash sums $76,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,605/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
1,832 sqft lot
$N/A/sqft
$1,209 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56201, Willmar, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,526 (100%) |
| Owner Occupied HU | 5,890 (56.0%) |
| Renter Occupied HU | 3,749 (35.6%) |
| Vacant Housing Units | 887 ( 8.4%) |
| Median Home Value | $241,893 |
| Average Home Value | $298,572 |
Housing Distribution
Address Breakdown
Residential
10,110
Single Family
7,887
Multi-Family
2,223
Businesses
1,119
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