2 10th Ave 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 2 10th Ave N, Waite Park, MN, 56387 with 5% annual appreciation on a $159,900 basis while $1,512/mo rent supports operations. Total monthly income totals $1,512/mo and a $783/mo payment preserves $513/mo for cash returns. Annual cash flow comes to $6,158/yr on $53,007 deployed, and return on cash invested reaches 31.53% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 11.35%. Five-year ROI measures 165.3% and total cumulative return in cash totals $87,618.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,512/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
7,840 sqft 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: Amy Legatt • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6772183