28853 Highway 61 BlvdRed WingMN55066
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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 Red Wing at 28853 Highway 61 Blvd, Red Wing, MN, 55066 uses $91,163 cash to close to unlock $3,945/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,046/mo, and a $1,346/mo payment keeps the spread at $329/mo. Purchase price stands at $275,000, and rental yield measures 8.93% with $2,046/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 126.13% and total cumulative return in cash records $114,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,046/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1953
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55066, Red Wing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,639 (100%) |
| Owner Occupied HU | 5,722 (66.2%) |
| Renter Occupied HU | 2,426 (28.1%) |
| Vacant Housing Units | 491 ( 5.7%) |
| Median Home Value | $299,791 |
| Average Home Value | $345,687 |
Housing Distribution
Address Breakdown
Residential
8,540
Single Family
6,971
Multi-Family
1,569
Businesses
699
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