622 1st St SEWadenaMN56482
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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 Wadena at 622 1st St SE, Wadena, MN, 56482 uses $46,377 cash to close to unlock $6,230/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $1,393/mo, and a $685/mo payment keeps the spread at $519/mo. Purchase price stands at $139,900, and rental yield measures 11.95% with $1,393/mo rent. Return on cash invested shows 33.34% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 175.02% and total cumulative return in cash records $81,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,393/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1890
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56482, Wadena, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,149 (100%) |
| Owner Occupied HU | 1,820 (57.8%) |
| Renter Occupied HU | 961 (30.5%) |
| Vacant Housing Units | 368 (11.7%) |
| Median Home Value | $200,679 |
| Average Home Value | $246,760 |
Housing Distribution
Address Breakdown
Residential
2,954
Single Family
2,644
Multi-Family
310
Businesses
312
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