524 1st Ave SEWellsMN56097
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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 Wells at 524 1st Ave SE, Wells, MN, 56097 listed at $171,400 pairs $2,128/mo rent with a $839/mo payment to leave $1,058/mo cash flow. Total monthly income runs $2,128/mo, and annual cash flow reaches $12,691/yr on $56,819 cash to close. Return on cash invested measures 42.25% in year one, and rental yield registers 14.9% at a $171,400 basis. Equity gained on principal adds $1,106/yr, and annual property appreciation at 5% supports $47,355 by year five. Five-year ROI tracks 222.72% and total cumulative return in cash totals $126,545. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,128/mo property income relative to a $839/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
6,969 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
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