159 Summerfield DrWaverlyMN55390
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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 Waverly at 159 Summerfield Dr, Waverly, MN, 55390 offers $630/mo rent that, after a $1,791/mo payment. Total monthly income is $630/mo. Return on cash invested measures 3.54% in year one, and rental yield stands at 2.07% at a $365,900 entry. Equity gained on principal adds $2,361/yr while 5% annual appreciation compounds into $101,091 by year five. Five-year ROI records 15.15% and total cumulative return in cash reaches $18,374. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $630/mo property income versus a $1,791/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55390, Waverly, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,413 (100%) |
| Owner Occupied HU | 1,141 (80.8%) |
| Renter Occupied HU | 150 (10.6%) |
| Vacant Housing Units | 122 ( 8.6%) |
| Median Home Value | $391,667 |
| Average Home Value | $424,060 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,149
Multi-Family
18
Businesses
44
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Listed by: Jonathan Welch • LGI Realty-Minnesota, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6628557
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