220 Minnesota Ave NEWarroadMN56763
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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 Warroad at 220 Minnesota Ave NE, Warroad, MN, 56763 generates $1,637/mo in rent and, after a $1,048/mo payment, leaves $300/mo in cash flow. Total monthly income is $1,637/mo, and annual cash flow is $3,598/yr on $71,007 invested. Return on cash invested sits at 24.98% in year one, and rental yield is 9.17% on a $214,200 entry. Equity gained on principal adds $1,382/yr, while 5% annual appreciation builds toward $59,180 over five years. Five-year ROI reaches 130.08% and total cumulative return in cash sums $92,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,637/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56763, Warroad, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,562 (65.5%) |
| Renter Occupied HU | 490 (20.5%) |
| Vacant Housing Units | 333 (14.0%) |
| Median Home Value | $218,530 |
| Average Home Value | $249,014 |
Housing Distribution
Address Breakdown
Residential
1,957
Single Family
1,587
Multi-Family
370
Businesses
125
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