611 Cherrywood CtRed WingMN55066
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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 Red Wing at 611 Cherrywood Ct, Red Wing, MN, 55066 at $285,000 posts ROI 30.12% with $804/mo cash flow from $2,584/mo rent. Total monthly income equals $2,584/mo, and annual cash flow records $9,651/yr on $94,478 to close. Return on cash invested measures 30.12% and rental yield reads 10.88% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 157.72% and total cumulative return in cash totals $149,010.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,584/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1998
0.08 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55066, Red Wing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,639 (100%) |
| Owner Occupied HU | 5,722 (66.2%) |
| Renter Occupied HU | 2,426 (28.1%) |
| Vacant Housing Units | 491 ( 5.7%) |
| Median Home Value | $299,791 |
| Average Home Value | $345,687 |
Housing Distribution
Address Breakdown
Residential
8,540
Single Family
6,971
Multi-Family
1,569
Businesses
699
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