204 1st StWelcomeMN56181
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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
Rental property for sale in Welcome at 204 1st St, Welcome, MN, 56181 priced at $164,900 converts $1,267/mo rent into $237/mo cash flow after a $807/mo obligation. Total monthly income equals $1,267/mo, and annual cash flow totals $2,849/yr on $54,664 invested. Return on cash invested prints 25.12% in year one, and rental yield reads 9.22% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 130.91% and total cumulative return in cash sums $71,560. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,267/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1955
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56181, Welcome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 378 (72.4%) |
| Renter Occupied HU | 81 (15.5%) |
| Vacant Housing Units | 63 (12.1%) |
| Median Home Value | $187,500 |
| Average Home Value | $278,763 |
Housing Distribution
Address Breakdown
Residential
340
Single Family
340
Multi-Family
0
Businesses
35
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