414 3rd St 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
Rental property for sale in Waseca at 414 3rd St NE, Waseca, MN, 56093 generates $1,074/mo in rent and, after a $660/mo payment, leaves $232/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $2,783/yr on $44,719 invested. Return on cash invested sits at 26.13% in year one, and rental yield is 9.55% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 136.27% and total cumulative return in cash sums $60,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Single Family
Built in 1888
10,018 sqft 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