316 W 3rd StWaconiaMN55387
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 Waconia at 316 W 3rd St, Waconia, MN, 55387 generates $2,262/mo in rent, after a $1,835/mo payment. Total monthly income is $2,262/mo. Return on cash invested sits at 19.15% in year one, and rental yield is 7.24% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 98.81% and total cumulative return in cash sums $122,803. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,262/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55387, Waconia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,927 (100%) |
| Owner Occupied HU | 4,545 (76.7%) |
| Renter Occupied HU | 1,157 (19.5%) |
| Vacant Housing Units | 225 ( 3.8%) |
| Median Home Value | $477,570 |
| Average Home Value | $536,279 |
Housing Distribution
Address Breakdown
Residential
6,002
Single Family
5,136
Multi-Family
866
Businesses
460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices