16896 Highway 61 BlvdWelchMN55089
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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 Welch at 16896 Highway 61 Blvd, Welch, MN, 55089 earns $769/mo cash flow from $2,954/mo rent with a $1,713/mo payment. Total monthly income totals $2,954/mo, and annual cash flow totals $9,222/yr on $116,025 capital. ROI tracks 27.86% on current figures, and rental yield reads 10.13% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 145.54% and total cumulative return in cash sums $168,866. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,954/mo property income instead of your personal income.
Single Family
Built in 1890
2.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55089, Welch, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 802 (100%) |
| Owner Occupied HU | 627 (78.2%) |
| Renter Occupied HU | 105 (13.1%) |
| Vacant Housing Units | 70 ( 8.7%) |
| Median Home Value | $425,000 |
| Average Home Value | $468,457 |
Housing Distribution
Address Breakdown
Residential
790
Single Family
770
Multi-Family
20
Businesses
23
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