212 2nd St SWatervilleMN56096
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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 Waterville at 212 2nd St S, Waterville, MN, 56096 offers a 8.11% rental yield on a $210,000 purchase with $1,419/mo rent. Total monthly income registers $1,419/mo, and a $1,028/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,290/yr on $69,615 to close, and return on cash invested stands at 21.76% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 112.88% and total cumulative return in cash at $78,580. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,419/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1914
5,662 sqft 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
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Listed by: Jordan Johnson • Edina Realty Inc. Mankato
Mls Name: RASM
Mls ID: #7038593