607 3rd St SWatervilleMN56096
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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 Waterville at 607 3rd St S, Waterville, MN, 56096 generates $1,020/mo in rent, after a $1,216/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 12.17% in year one, and rental yield is 4.93% on a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation builds toward $68,656 over five years. Five-year ROI reaches 61.42% and total cumulative return in cash sums $50,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56096, Waterville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,553 (100%) |
| Owner Occupied HU | 984 (63.4%) |
| Renter Occupied HU | 273 (17.6%) |
| Vacant Housing Units | 296 (19.1%) |
| Median Home Value | $342,248 |
| Average Home Value | $382,523 |
Housing Distribution
Address Breakdown
Residential
1,332
Single Family
1,233
Multi-Family
99
Businesses
91
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Listed by: Patricia J Jewison • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6764215