260 2nd St EWahkonMN56386
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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
Investment property for sale in Wahkon at 260 2nd St E, Wahkon, MN, 56386 uses $42,764 cash to close to unlock $2,482/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,012/mo, and a $631/mo payment keeps the spread at $207/mo. Purchase price stands at $129,000, and rental yield measures 9.41% with $1,012/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 134.02% and total cumulative return in cash records $57,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,012/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56386, Wahkon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 268 (47.1%) |
| Renter Occupied HU | 74 (13.0%) |
| Vacant Housing Units | 227 (39.9%) |
| Median Home Value | $296,667 |
| Average Home Value | $362,761 |
Housing Distribution
Address Breakdown
Residential
332
Single Family
332
Multi-Family
0
Businesses
23
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