618 9th Ave SEWasecaMN56093
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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 Waseca at 618 9th Ave SE, Waseca, MN, 56093 listed at $153,900 pairs $1,450/mo rent with a $753/mo payment to leave $489/mo cash flow. Total monthly income runs $1,450/mo, and annual cash flow reaches $5,871/yr on $51,018 cash to close. Return on cash invested measures 31.42% in year one, and rental yield registers 11.31% at a $153,900 basis. Equity gained on principal adds $993/yr, and annual property appreciation at 5% supports $42,520 by year five. Five-year ROI tracks 164.71% and total cumulative return in cash totals $84,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,450/mo property income relative to a $753/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56093, Waseca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,177 (100%) |
| Owner Occupied HU | 3,597 (69.5%) |
| Renter Occupied HU | 1,296 (25.0%) |
| Vacant Housing Units | 284 ( 5.5%) |
| Median Home Value | $260,201 |
| Average Home Value | $295,946 |
Housing Distribution
Address Breakdown
Residential
5,101
Single Family
4,308
Multi-Family
793
Businesses
397
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