520 5th St SW UNIT 318WillmarMN56201
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 Willmar at 520 5th St SW UNIT 318, Willmar, MN, 56201 listed at $210,000 pairs $1,330/mo rent with a $1,028/mo payment. Total monthly income runs $1,330/mo. Return on cash invested measures 9.68% in year one, and rental yield registers 7.6% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 51.92% and total cumulative return in cash totals $36,148. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,330/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
1,306 sqft lot
$N/A/sqft
$612 monthly 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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Listed by: Dawn Witt • Edina Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6729889
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