1533 State Highway 23Waite ParkMN56387
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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 Waite Park at 1533 State Highway 23, Waite Park, MN, 56387 offers a 10.48% rental yield on a $248,700 purchase with $2,171/mo rent. Total monthly income registers $2,171/mo, and a $1,217/mo payment leaves $615/mo available for distribution. Annual cash flow reaches $7,377/yr on $82,444 to close, and return on cash invested stands at 28.86% in year one. Equity gained on principal adds $1,605/yr while 5% annual appreciation supports $68,711 over five years. Portfolio math shows five-year ROI at 150.92% and total cumulative return in cash at $124,426. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,171/mo property income against a $1,217/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
3.71 Acres 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
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Listed by: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #6680870