608 W Broadway StWahkonMN56386
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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 Wahkon at 608 W Broadway St, Wahkon, MN, 56386 priced at $639,900 pairs $1,901/mo rent with after a $3,132/mo payment. Total monthly income equals $1,901/mo. Return on cash invested is 8.12% in year one, and rental yield stands at 3.56% on a $639,900 basis. Equity gained on principal adds $4,129/yr, and 5% annual appreciation accumulates to $176,793 by year five. Five-year ROI measures 39.68% and total cumulative return in cash reaches $83,531. For financing, Ziffy Mortgage’s DSCR program evaluates $1,901/mo property income against a $3,132/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56386, Wahkon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 268 (47.1%) |
| Renter Occupied HU | 74 (13.0%) |
| Vacant Housing Units | 227 (39.9%) |
| Median Home Value | $296,667 |
| Average Home Value | $362,761 |
Housing Distribution
Address Breakdown
Residential
332
Single Family
332
Multi-Family
0
Businesses
23
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