617 Olson AveWindomMN56101
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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 Windom at 617 Olson Ave, Windom, MN, 56101 priced at $244,000 converts $1,661/mo rent into $138/mo cash flow after a $1,194/mo obligation. Total monthly income equals $1,661/mo, and annual cash flow totals $1,651/yr on $80,886 invested. Return on cash invested prints 21.95% in year one, and rental yield reads 8.17% against a $244,000 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation compiles into $67,413 by year five. Five-year ROI reaches 113.88% and total cumulative return in cash sums $92,110. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,661/mo property income covering a $1,194/mo payment, not borrower’s personal income.
Single Family
Built in 1963
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56101, Windom, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,812 (100%) |
| Owner Occupied HU | 1,891 (67.2%) |
| Renter Occupied HU | 669 (23.8%) |
| Vacant Housing Units | 252 ( 9.0%) |
| Median Home Value | $185,506 |
| Average Home Value | $219,845 |
Housing Distribution
Address Breakdown
Residential
2,673
Single Family
2,322
Multi-Family
351
Businesses
284
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