220 1st St NEWadenaMN56482
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 220 1st St NE, Wadena, MN, 56482 in Wadena earns a 9.47% gross yield at $175,000. Rent of $1,381/mo nets $288/mo after the $787/mo mortgage. The 1.75 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $48,349 and $1,612/yr in equity accumulation project a total cumulative return of $84,945.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $288 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,381 |
| Total Monthly Debt Service | $1,023 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
7,492 sqft 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
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
Single Family
Built in 1930
7,492 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices