38886 Us Highway 59WaubunMN56589
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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 Waubun at 38886 Us Highway 59, Waubun, MN, 56589 offers a 11.06% rental yield on a $215,000 purchase with $1,982/mo rent. Total monthly income registers $1,982/mo, and a $1,052/mo payment leaves $640/mo available for distribution. Annual cash flow reaches $7,677/yr on $71,273 to close, and return on cash invested stands at 30.68% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 160.66% and total cumulative return in cash at $114,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,982/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
14.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56589, Waubun, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 544 (48.5%) |
| Renter Occupied HU | 178 (15.9%) |
| Vacant Housing Units | 400 (35.7%) |
| Median Home Value | $245,139 |
| Average Home Value | $266,512 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
628
Multi-Family
48
Businesses
29
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