3101 1st Ave NWWillmarMN56201
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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 Willmar at 3101 1st Ave NW, Willmar, MN, 56201 uses $70,444 cash to close to unlock $9,578/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,040/mo payment keeps the spread at $798/mo. Purchase price stands at $212,500, and rental yield measures 12% with $2,125/mo rent. Return on cash invested shows 33.51% in year one, and 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 175.86% and total cumulative return in cash records $123,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,040/mo payment rather than investor’s personal income.
Single Family
Built in 2005
5,270 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56201, Willmar, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,526 (100%) |
| Owner Occupied HU | 5,890 (56.0%) |
| Renter Occupied HU | 3,749 (35.6%) |
| Vacant Housing Units | 887 ( 8.4%) |
| Median Home Value | $241,893 |
| Average Home Value | $298,572 |
Housing Distribution
Address Breakdown
Residential
10,110
Single Family
7,887
Multi-Family
2,223
Businesses
1,119
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