422 Minnesota Ave SEWillmarMN56201
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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
Investment Highlights
Rental property for sale in Willmar at 422 Minnesota Ave SE, Willmar, MN, 56201 priced at $112,000 converts $844/mo rent into $145/mo cash flow after a $548/mo obligation. Total monthly income equals $844/mo, and annual cash flow totals $1,738/yr on $37,128 invested. Return on cash invested prints 24.59% in year one, and rental yield reads 9.04% against a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation compiles into $30,944 by year five. Five-year ROI reaches 128.06% and total cumulative return in cash sums $47,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $844/mo property income covering a $548/mo payment, not borrower’s personal income.
Single Family
Built in 1941
3,853 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56201, Willmar, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,526 (100%) |
| Owner Occupied HU | 5,890 (56.0%) |
| Renter Occupied HU | 3,749 (35.6%) |
| Vacant Housing Units | 887 ( 8.4%) |
| Median Home Value | $241,893 |
| Average Home Value | $298,572 |
Housing Distribution
Address Breakdown
Residential
10,110
Single Family
7,887
Multi-Family
2,223
Businesses
1,119
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