1742 50th AveLake WilsonMN56151
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 1742 50th Ave, Lake Wilson, MN, 56151 in Lake Wilson is listed at $293,000 and delivers $2,257/mo in rent and $428/mo in net monthly cash flow. The 9.24% yield and 1.71 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $80,951 over five years, and $2,699/yr in principal reduction supplements cash return. Total projected cumulative return: $138,670.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.2% |
| Monthly Cash Flow | $428 | $350 |
City averages based on Lake Wilson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,257 |
| Total Monthly Debt Service | $1,713 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
10.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56151, Lake Wilson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 379 (100%) |
| Owner Occupied HU | 289 (76.3%) |
| Renter Occupied HU | 41 (10.8%) |
| Vacant Housing Units | 49 (12.9%) |
| Median Home Value | $207,500 |
| Average Home Value | $277,734 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
20
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
Single Family
Built in 1910
10.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56151, Lake Wilson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 379 (100%) |
| Owner Occupied HU | 289 (76.3%) |
| Renter Occupied HU | 41 (10.8%) |
| Vacant Housing Units | 49 (12.9%) |
| Median Home Value | $207,500 |
| Average Home Value | $277,734 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Schwartz • EXIT Realty - Great Plains
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6771909