1825 Frontage Rd NWaite ParkMN56387
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 Waite Park at 1825 Frontage Rd N, Waite Park, MN, 56387 uses $102,765 cash to close to unlock $13,950/yr annual cash flow and $1,163/mo monthly cash flow. Total monthly income runs $3,098/mo, and a $1,517/mo payment keeps the spread at $1,163/mo. Purchase price stands at $310,000, and rental yield measures 11.99% with $3,098/mo rent. Return on cash invested shows 33.48% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 175.72% and total cumulative return in cash records $180,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,098/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1976
2.61 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Higgins • EXP Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6803225