215 Lake St WWatervilleMN56096
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 215 Lake St W, Waterville, MN, 56096 at $269,900 posts ROI 21.89% with $148/mo cash flow from $1,833/mo rent. Total monthly income equals $1,833/mo, and annual cash flow records $1,772/yr on $89,472 to close. Return on cash invested measures 21.89% and rental yield reads 8.15% at the current $269,900. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 by year five. Five-year ROI prints 113.54% and total cumulative return in cash totals $101,586.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,833/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
10,018 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: Debbie Graber • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6810100