1894 Cherry StRed WingMN55066
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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 Red Wing at 1894 Cherry St, Red Wing, MN, 55066 earns from $1,794/mo rent with a $1,884/mo payment. Total monthly income totals $1,794/mo. ROI tracks 14.18% on current figures, and rental yield reads 5.59% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 72.2% and total cumulative return in cash sums $92,146. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,794/mo property income instead of your personal income.
Townhouse
Built in 1996
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55066, Red Wing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,639 (100%) |
| Owner Occupied HU | 5,722 (66.2%) |
| Renter Occupied HU | 2,426 (28.1%) |
| Vacant Housing Units | 491 ( 5.7%) |
| Median Home Value | $299,791 |
| Average Home Value | $345,687 |
Housing Distribution
Address Breakdown
Residential
8,540
Single Family
6,971
Multi-Family
1,569
Businesses
699
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