615 E 3rd StWinonaMN55987
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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 Winona at 615 E 3rd St, Winona, MN, 55987 offers a 10.6% rental yield on a $195,000 purchase with $1,722/mo rent. Total monthly income registers $1,722/mo, and a $954/mo payment leaves $505/mo available for distribution. Annual cash flow reaches $6,057/yr on $64,643 to close, and return on cash invested stands at 29.28% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 153.17% and total cumulative return in cash at $99,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,722/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55987, Winona, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 8,760 (57.4%) |
| Renter Occupied HU | 5,359 (35.1%) |
| Vacant Housing Units | 1,150 ( 7.5%) |
| Median Home Value | $241,559 |
| Average Home Value | $307,143 |
Housing Distribution
Address Breakdown
Residential
14,958
Single Family
12,133
Multi-Family
2,825
Businesses
1,232
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