151 5th Ave NWaite ParkMN56387
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 Waite Park at 151 5th Ave N, Waite Park, MN, 56387 at $259,900 posts ROI 26.74% with $490/mo cash flow from $2,170/mo rent. Total monthly income equals $2,170/mo, and annual cash flow records $5,885/yr on $86,157 to close. Return on cash invested measures 26.74% and rental yield reads 10.02% at the current $259,900. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 by year five. Five-year ROI prints 139.86% and total cumulative return in cash totals $120,502.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,170/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1924
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56387, Waite Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,496 (100%) |
| Owner Occupied HU | 1,452 (41.5%) |
| Renter Occupied HU | 1,887 (54.0%) |
| Vacant Housing Units | 157 ( 4.5%) |
| Median Home Value | $295,545 |
| Average Home Value | $330,418 |
Housing Distribution
Address Breakdown
Residential
3,519
Single Family
1,722
Multi-Family
1,797
Businesses
598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Legatt • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6628518
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