68157 340th StWatkinsMN55389
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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 Watkins at 68157 340th St, Watkins, MN, 55389 offers a 1.28% rental yield on a $1,100,000 purchase with $1,170/mo rent. 18% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 2.39% and total cumulative return in cash at $8,503. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
37.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55389, Watkins, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,132 (100%) |
| Owner Occupied HU | 871 (76.9%) |
| Renter Occupied HU | 182 (16.1%) |
| Vacant Housing Units | 79 ( 7.0%) |
| Median Home Value | $312,640 |
| Average Home Value | $366,010 |
Housing Distribution
Address Breakdown
Residential
1,055
Single Family
1,007
Multi-Family
48
Businesses
50
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