409 16th Ave NEWasecaMN56093
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 Waseca at 409 16th Ave NE, Waseca, MN, 56093 listed at $203,800 pairs $1,620/mo rent with a $998/mo payment to leave $274/mo cash flow. Total monthly income runs $1,620/mo, and annual cash flow reaches $3,286/yr on $67,560 cash to close. Return on cash invested measures 24.77% in year one, and rental yield registers 9.54% at a $203,800 basis. Equity gained on principal adds $1,315/yr, and annual property appreciation at 5% supports $56,306 by year five. Five-year ROI tracks 129.47% and total cumulative return in cash totals $87,469. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,620/mo property income relative to a $998/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices