245 3rd Ave SEWellsMN56097
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 Wells at 245 3rd Ave SE, Wells, MN, 56097 generates $1,498/mo in rent and, after a $634/mo payment, leaves $689/mo in cash flow. Total monthly income is $1,498/mo, and annual cash flow is $8,270/yr on $42,929 invested. Return on cash invested sits at 39.17% in year one, and rental yield is 13.88% on a $129,500 entry. Equity gained on principal adds $836/yr, while 5% annual appreciation builds toward $35,778 over five years. Five-year ROI reaches 206.32% and total cumulative return in cash sums $88,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,498/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56097, Wells, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 1,187 (71.0%) |
| Renter Occupied HU | 321 (19.2%) |
| Vacant Housing Units | 163 ( 9.8%) |
| Median Home Value | $166,696 |
| Average Home Value | $248,711 |
Housing Distribution
Address Breakdown
Residential
1,542
Single Family
1,462
Multi-Family
80
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices