613 Potter StRed WingMN55066
Nearby investment properties with comparable rents
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 Red Wing at 613 Potter St, Red Wing, MN, 55066 priced at $159,900 pairs $1,263/mo rent with $264/mo cash flow after a $783/mo payment. Total monthly income equals $1,263/mo, and annual cash flow comes to $3,170/yr on $53,007 invested. Return on cash invested is 25.89% in year one, and rental yield stands at 9.48% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 135.05% and total cumulative return in cash reaches $71,586. For financing, Ziffy Mortgage’s DSCR program evaluates $1,263/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
2,613 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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