219 2nd St SWWadenaMN56482
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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 Wadena at 219 2nd St SW, Wadena, MN, 56482 generates $1,255/mo in rent and, after a $807/mo payment, leaves $225/mo in cash flow. Total monthly income is $1,255/mo, and annual cash flow is $2,705/yr on $54,664 invested. Return on cash invested sits at 24.86% in year one, and rental yield is 9.13% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 129.48% and total cumulative return in cash sums $70,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,255/mo property income rather than buyer’s personal income.
Single Family
Built in 1896
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56482, Wadena, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,149 (100%) |
| Owner Occupied HU | 1,820 (57.8%) |
| Renter Occupied HU | 961 (30.5%) |
| Vacant Housing Units | 368 (11.7%) |
| Median Home Value | $200,679 |
| Average Home Value | $246,760 |
Housing Distribution
Address Breakdown
Residential
2,954
Single Family
2,644
Multi-Family
310
Businesses
312
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