404 6th Ave NEWasecaMN56093
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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 404 6th Ave NE, Waseca, MN, 56093 offers a 9.37% rental yield on a $241,000 purchase with $1,882/mo rent. Total monthly income registers $1,882/mo, and a $1,180/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,520/yr on $79,892 to close, and return on cash invested stands at 25.57% in year one. Equity gained on principal adds $1,555/yr while 5% annual appreciation supports $66,584 over five years. Portfolio math shows five-year ROI at 133.28% and total cumulative return in cash at $106,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,882/mo property income against a $1,180/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,276 sqft 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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Listed by: Molly Erdman • Landmark Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7038191
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-10-27 21:12:29 PDT