37 5th St SEWellsMN56097
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 Wells at 37 5th St SE, Wells, MN, 56097 offers $1,246/mo rent that, after a $783/mo payment, leaves $247/mo cash flow. Total monthly income is $1,246/mo, and annual cash flow is $2,966/yr on $53,007 cash. Return on cash invested measures 25.5% in year one, and rental yield stands at 9.35% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 133.01% and total cumulative return in cash reaches $70,506. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,246/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56097, Wells, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 1,187 (71.0%) |
| Renter Occupied HU | 321 (19.2%) |
| Vacant Housing Units | 163 ( 9.8%) |
| Median Home Value | $166,696 |
| Average Home Value | $248,711 |
Housing Distribution
Address Breakdown
Residential
1,542
Single Family
1,462
Multi-Family
80
Businesses
136
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