610 2nd Ave NWheatonMN56296
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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 Wheaton at 610 2nd Ave N, Wheaton, MN, 56296 generates $1,639/mo in rent, after a $1,366/mo payment. Total monthly income is $1,639/mo. Return on cash invested sits at 18.56% in year one, and rental yield is 7.05% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 95.73% and total cumulative return in cash sums $88,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,639/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56296, Wheaton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,011 (100%) |
| Owner Occupied HU | 641 (63.4%) |
| Renter Occupied HU | 202 (20.0%) |
| Vacant Housing Units | 168 (16.6%) |
| Median Home Value | $163,438 |
| Average Home Value | $274,189 |
Housing Distribution
Address Breakdown
Residential
917
Single Family
754
Multi-Family
163
Businesses
123
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