516 Washington St SEWarroadMN56763
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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
Investment property for sale in Warroad at 516 Washington St SE, Warroad, MN, 56763 with 5% annual appreciation on a $379,000 basis while $2,618/mo rent supports operations. Total monthly income totals $2,618/mo and a $1,855/mo payment preserves $251/mo for cash returns. Annual cash flow comes to $3,016/yr on $125,639 deployed, and return on cash invested reaches 22.31% in year one. Equity gained on principal adds $2,446/yr, and five-year appreciation sums $104,711 alongside rental yield of 8.29%. Five-year ROI measures 115.81% and total cumulative return in cash totals $145,499.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,618/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56763, Warroad, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,562 (65.5%) |
| Renter Occupied HU | 490 (20.5%) |
| Vacant Housing Units | 333 (14.0%) |
| Median Home Value | $218,530 |
| Average Home Value | $249,014 |
Housing Distribution
Address Breakdown
Residential
1,957
Single Family
1,587
Multi-Family
370
Businesses
125
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