320 9th Ave NWWasecaMN56093
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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 Waseca at 320 9th Ave NW, Waseca, MN, 56093 uses $69,615 cash to close to unlock $3,054/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,566/mo, and a $1,028/mo payment keeps the spread at $255/mo. Purchase price stands at $210,000, and rental yield measures 8.95% with $1,566/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 126.48% and total cumulative return in cash records $88,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,566/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56093, Waseca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,177 (100%) |
| Owner Occupied HU | 3,597 (69.5%) |
| Renter Occupied HU | 1,296 (25.0%) |
| Vacant Housing Units | 284 ( 5.5%) |
| Median Home Value | $260,201 |
| Average Home Value | $295,946 |
Housing Distribution
Address Breakdown
Residential
5,101
Single Family
4,308
Multi-Family
793
Businesses
397
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