224 2nd St EWabashaMN55981
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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
Total monthly income runs $1,936/mo, and a $1,566/mo payment. Purchase price stands at $319,900, and rental yield measures 7.26% with $1,936/mo rent. Return on cash invested shows 19.21% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 99.2% and total cumulative return in cash records $105,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,936/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1922
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55981, Wabasha, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,333 (100%) |
| Owner Occupied HU | 1,460 (62.6%) |
| Renter Occupied HU | 450 (19.3%) |
| Vacant Housing Units | 423 (18.1%) |
| Median Home Value | $279,518 |
| Average Home Value | $344,623 |
Housing Distribution
Address Breakdown
Residential
2,016
Single Family
1,837
Multi-Family
179
Businesses
193
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