221 Glen Ln NWatkinsMN55389
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Watkins rental at 221 Glen Ln N, Watkins, MN, 55389 sits in the solid-income band: 8.55% gross yield, $2,521/mo rent, $209/mo net after the $1,592/mo debt service, DSCR 1.58. Entry price of $354,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $97,804 and $3,260/yr in principal reduction bring total cumulative return to $148,212.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $209 | $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 | $2,521 |
| Total Monthly Debt Service | $2,172 |
| DSCR Ratio | 1.16x |
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 2004
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55389, Watkins, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,132 (100%) |
| Owner Occupied HU | 871 (76.9%) |
| Renter Occupied HU | 182 (16.1%) |
| Vacant Housing Units | 79 ( 7.0%) |
| Median Home Value | $312,640 |
| Average Home Value | $366,010 |
Housing Distribution
Address Breakdown
Residential
1,055
Single Family
1,007
Multi-Family
48
Businesses
50
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 2004
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55389, Watkins, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,132 (100%) |
| Owner Occupied HU | 871 (76.9%) |
| Renter Occupied HU | 182 (16.1%) |
| Vacant Housing Units | 79 ( 7.0%) |
| Median Home Value | $312,640 |
| Average Home Value | $366,010 |
Housing Distribution
Address Breakdown
Residential
1,055
Single Family
1,007
Multi-Family
48
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Merten • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6596456
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