412 1st AveWanamingoMN55983
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Wanamingo rentals match the income profile of 412 1st Ave, Wanamingo, MN, 55983. Listed at $227,000, gross rent is $2,160/mo and net cash flow is $743/mo, a 11.42% yield well above national averages. DSCR 2.12 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $62,716 by year five with $2,091/yr in annual principal reduction, projecting $133,929 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.2% |
| Monthly Cash Flow | $743 | $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 | $2,160 |
| Total Monthly Debt Service | $1,327 |
| DSCR Ratio | 1.63x |
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.
Single Family
Built in 1964
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55983, Wanamingo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 507 (73.9%) |
| Renter Occupied HU | 117 (17.1%) |
| Vacant Housing Units | 62 ( 9.0%) |
| Median Home Value | $318,000 |
| Average Home Value | $358,787 |
Housing Distribution
Address Breakdown
Residential
608
Single Family
558
Multi-Family
50
Businesses
68
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
Single Family
Built in 1964
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55983, Wanamingo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 507 (73.9%) |
| Renter Occupied HU | 117 (17.1%) |
| Vacant Housing Units | 62 ( 9.0%) |
| Median Home Value | $318,000 |
| Average Home Value | $358,787 |
Housing Distribution
Address Breakdown
Residential
608
Single Family
558
Multi-Family
50
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: McKenzie Schafer • Coldwell Banker Nybo & Assoc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6708308
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