615 18th St SWWillmarMN56201
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
Investment property for sale in Willmar at 615 18th St SW, Willmar, MN, 56201 uses $88,511 cash to close to unlock $6,175/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $2,182/mo, and a $1,307/mo payment keeps the spread at $515/mo. Purchase price stands at $267,000, and rental yield measures 9.81% with $2,182/mo rent. Return on cash invested shows 26.89% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 140.33% and total cumulative return in cash records $124,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,182/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Single Family
Built in 1880
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56201, Willmar, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,526 (100%) |
| Owner Occupied HU | 5,890 (56.0%) |
| Renter Occupied HU | 3,749 (35.6%) |
| Vacant Housing Units | 887 ( 8.4%) |
| Median Home Value | $241,893 |
| Average Home Value | $298,572 |
Housing Distribution
Address Breakdown
Residential
10,110
Single Family
7,887
Multi-Family
2,223
Businesses
1,119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices