1512 3rd StWaubunMN56589
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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 Waubun at 1512 3rd St, Waubun, MN, 56589 uses $56,322 cash to close to unlock $3,248/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,332/mo, and a $832/mo payment keeps the spread at $271/mo. Purchase price stands at $169,900, and rental yield measures 9.41% with $1,332/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 133.89% and total cumulative return in cash records $75,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,332/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56589, Waubun, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 544 (48.5%) |
| Renter Occupied HU | 178 (15.9%) |
| Vacant Housing Units | 400 (35.7%) |
| Median Home Value | $245,139 |
| Average Home Value | $266,512 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
628
Multi-Family
48
Businesses
29
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