224 3rd AveWanamingoMN55983
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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 Wanamingo at 224 3rd Ave, Wanamingo, MN, 55983 generates $1,283/mo in rent and, after a $783/mo payment, leaves $284/mo in cash flow. Total monthly income is $1,283/mo, and annual cash flow is $3,408/yr on $53,040 invested. Return on cash invested sits at 26.33% in year one, and rental yield is 9.62% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 137.33% and total cumulative return in cash sums $72,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,283/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
0.32 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55983, Wanamingo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 507 (73.9%) |
| Renter Occupied HU | 117 (17.1%) |
| Vacant Housing Units | 62 ( 9.0%) |
| Median Home Value | $318,000 |
| Average Home Value | $358,787 |
Housing Distribution
Address Breakdown
Residential
608
Single Family
558
Multi-Family
50
Businesses
68
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