405 5th AveWilmontMN56185
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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 Wilmont at 405 5th Ave, Wilmont, MN, 56185 uses $46,609 cash to close to unlock $18,123/yr annual cash flow and $1,510/mo monthly cash flow. Total monthly income runs $2,392/mo, and a $688/mo payment keeps the spread at $1,510/mo. Purchase price stands at $140,600, and rental yield measures 20.42% with $2,392/mo rent. Return on cash invested shows 58.79% in year one, and 5% annual appreciation builds toward $38,845 over five years. Five-year ROI reaches 311.54% and total cumulative return in cash records $145,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,392/mo property income covering a $688/mo payment rather than investor’s personal income.
Single Family
Built in 1902
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56185, Wilmont, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 252 (100%) |
| Owner Occupied HU | 204 (81.0%) |
| Renter Occupied HU | 40 (15.9%) |
| Vacant Housing Units | 8 ( 3.2%) |
| Median Home Value | $265,217 |
| Average Home Value | $341,299 |
Housing Distribution
Address Breakdown
Residential
167
Single Family
167
Multi-Family
0
Businesses
15
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