368 Frenn AveRed 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 368 Frenn Ave, Red Wing, MN, 55066 uses $71,770 cash to close to unlock $10,029/yr annual cash flow and $836/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $1,060/mo payment keeps the spread at $836/mo. Purchase price stands at $216,500, and rental yield measures 12.13% with $2,188/mo rent. Return on cash invested shows 33.88% in year one, and 5% annual appreciation builds toward $59,815 over five years. Five-year ROI reaches 177.87% and total cumulative return in cash records $127,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $1,060/mo payment rather than investor’s personal income.
Single Family
Built in 1990
1 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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