1606-1 1st Ave NWheatonMN56296
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 Wheaton at 1606-1 1st Ave N, Wheaton, MN, 56296 listed at $154,900 pairs $1,843/mo rent with a $758/mo payment to leave $803/mo cash flow. Total monthly income runs $1,843/mo, and annual cash flow reaches $9,631/yr on $51,349 cash to close. Return on cash invested measures 38.66% in year one, and rental yield registers 14.28% at a $154,900 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,796 by year five. Five-year ROI tracks 204.15% and total cumulative return in cash totals $104,828. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,843/mo property income relative to a $758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56296, Wheaton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,011 (100%) |
| Owner Occupied HU | 641 (63.4%) |
| Renter Occupied HU | 202 (20.0%) |
| Vacant Housing Units | 168 (16.6%) |
| Median Home Value | $163,438 |
| Average Home Value | $274,189 |
Housing Distribution
Address Breakdown
Residential
917
Single Family
754
Multi-Family
163
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices