1501 120th StWelcomeMN56181
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
Investment property for sale in Welcome at 1501 120th St, Welcome, MN, 56181 uses $65,969 cash to close to unlock $4,072/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $1,582/mo, and a $974/mo payment keeps the spread at $339/mo. Purchase price stands at $199,000, and rental yield measures 9.54% with $1,582/mo rent. Return on cash invested shows 26.08% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 136.06% and total cumulative return in cash records $89,754. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,582/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56181, Welcome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 378 (72.4%) |
| Renter Occupied HU | 81 (15.5%) |
| Vacant Housing Units | 63 (12.1%) |
| Median Home Value | $187,500 |
| Average Home Value | $278,763 |
Housing Distribution
Address Breakdown
Residential
340
Single Family
340
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices