20232 Tetonka Lake RdWatervilleMN56096
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 Waterville at 20232 Tetonka Lake Rd, Waterville, MN, 56096 uses $109,064 cash to close to unlock $10,798/yr annual cash flow and $900/mo monthly cash flow. Total monthly income runs $2,954/mo, and a $1,610/mo payment keeps the spread at $900/mo. Purchase price stands at $329,000, and rental yield measures 10.77% with $2,954/mo rent. Return on cash invested shows 29.81% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 155.99% and total cumulative return in cash records $170,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,954/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1974
3.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56096, Waterville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,553 (100%) |
| Owner Occupied HU | 984 (63.4%) |
| Renter Occupied HU | 273 (17.6%) |
| Vacant Housing Units | 296 (19.1%) |
| Median Home Value | $342,248 |
| Average Home Value | $382,523 |
Housing Distribution
Address Breakdown
Residential
1,332
Single Family
1,233
Multi-Family
99
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Krueger • Edina Realty- Waseca
Mls Name: RASM
Mls ID: #7039016