406 Wolfe AveMontevideoMN56265
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
Investment property for sale in Montevideo at 406 Wolfe Ave, Montevideo, MN, 56265 at $149,000 posts ROI 25.88% with $246/mo cash flow from $1,176/mo rent. Total monthly income equals $1,176/mo, and annual cash flow records $2,950/yr on $49,394 to close. Return on cash invested measures 25.88% and rental yield reads 9.47% at the current $149,000. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 by year five. Five-year ROI prints 134.94% and total cumulative return in cash totals $66,652.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,176/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1936
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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Listed by: Isabella Norman • Weichert REALTORS Tower Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6779366