513 Harrison StWelcomeMN56181
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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 Welcome at 513 Harrison St, Welcome, MN, 56181 priced at $539,900 converts $3,098/mo rent into after a $2,643/mo obligation. Total monthly income equals $3,098/mo. Return on cash invested prints 18.21% in year one, and rental yield reads 6.89% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 93.79% and total cumulative return in cash sums $166,603. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,098/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56181, Welcome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 378 (72.4%) |
| Renter Occupied HU | 81 (15.5%) |
| Vacant Housing Units | 63 (12.1%) |
| Median Home Value | $187,500 |
| Average Home Value | $278,763 |
Housing Distribution
Address Breakdown
Residential
340
Single Family
340
Multi-Family
0
Businesses
35
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