420 5th St SWWellsMN56097
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 Wells at 420 5th St SW, Wells, MN, 56097 uses $66,598 cash to close to unlock $1,377/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $983/mo payment keeps the spread at $115/mo. Purchase price stands at $200,900, and rental yield measures 8.18% with $1,369/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $55,505 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash records $75,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $983/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56097, Wells, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 1,187 (71.0%) |
| Renter Occupied HU | 321 (19.2%) |
| Vacant Housing Units | 163 ( 9.8%) |
| Median Home Value | $166,696 |
| Average Home Value | $248,711 |
Housing Distribution
Address Breakdown
Residential
1,542
Single Family
1,462
Multi-Family
80
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices