408 Atlantic AveWaverlyMN55390
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 408 Atlantic Ave, Waverly, MN, 55390 in Waverly, $199,000, 8.05% gross yield, $93/mo net income. Consider it a market-entry position, the $1,336/mo rent covers the $895/mo payment with a margin, and 5%/yr appreciation is projected to add $54,980 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.49) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $81,534.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.2% |
| Monthly Cash Flow | $93 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,336 |
| Total Monthly Debt Service | $1,163 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
3,833 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55390, Waverly, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,413 (100%) |
| Owner Occupied HU | 1,141 (80.8%) |
| Renter Occupied HU | 150 (10.6%) |
| Vacant Housing Units | 122 ( 8.6%) |
| Median Home Value | $391,667 |
| Average Home Value | $424,060 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,149
Multi-Family
18
Businesses
44
Nearby investment properties with comparable rents
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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
Multi Family
Built in 1900
3,833 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55390, Waverly, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,413 (100%) |
| Owner Occupied HU | 1,141 (80.8%) |
| Renter Occupied HU | 150 (10.6%) |
| Vacant Housing Units | 122 ( 8.6%) |
| Median Home Value | $391,667 |
| Average Home Value | $424,060 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,149
Multi-Family
18
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices