653 Hi Park AveRed WingMN55066
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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 Red Wing at 653 Hi Park Ave, Red Wing, MN, 55066 at $299,850 posts ROI 14.18% with from $1,704/mo rent. Total monthly income equals $1,704/mo. Return on cash invested measures 14.18% and rental yield reads 6.82% at the current $299,850. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,843 by year five. Five-year ROI prints 73.55% and total cumulative return in cash totals $73,105. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,704/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1991
0.08 sqft lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55066, Red Wing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,639 (100%) |
| Owner Occupied HU | 5,722 (66.2%) |
| Renter Occupied HU | 2,426 (28.1%) |
| Vacant Housing Units | 491 ( 5.7%) |
| Median Home Value | $299,791 |
| Average Home Value | $345,687 |
Housing Distribution
Address Breakdown
Residential
8,540
Single Family
6,971
Multi-Family
1,569
Businesses
699
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Nearby investment properties with comparable prices
Listed by: Caitlin Heisler • Lawrence Realty Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6624714
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