609 Main St EWabashaMN55981
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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
Rental property for sale in Wabasha at 609 Main St E, Wabasha, MN, 55981 priced at $299,900 pairs $2,207/mo rent with $334/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,207/mo, and annual cash flow comes to $4,010/yr on $99,417 invested. Return on cash invested is 23.94% in year one, and rental yield stands at 8.83% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 124.58% and total cumulative return in cash reaches $123,856. For financing, Ziffy Mortgage’s DSCR program evaluates $2,207/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1987
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55981, Wabasha, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,333 (100%) |
| Owner Occupied HU | 1,460 (62.6%) |
| Renter Occupied HU | 450 (19.3%) |
| Vacant Housing Units | 423 (18.1%) |
| Median Home Value | $279,518 |
| Average Home Value | $344,623 |
Housing Distribution
Address Breakdown
Residential
2,016
Single Family
1,837
Multi-Family
179
Businesses
193
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