225 Lawrence Blvd W UNIT 404WabashaMN55981
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
Investment Highlights
Rental property for sale in Wabasha at 225 Lawrence Blvd W UNIT 404, Wabasha, MN, 55981 generates $2,344/mo in rent, after a $2,912/mo payment. Total monthly income is $2,344/mo. Return on cash invested sits at 7.87% in year one, and rental yield is 4.73% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 39.71% and total cumulative return in cash sums $77,726. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,344/mo property income rather than buyer’s personal income.
Condo
Built in 2005
1,306 sqft lot
$N/A/sqft
$617 monthly 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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Nearby investment properties with comparable prices
Listed by: Jay Jewson • Jewson Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6755792
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