703 1st St SWWadenaMN56482
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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 703 1st St SW, Wadena, MN, 56482 offers a 8.61% rental yield on a $209,000 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $1,023/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,338/yr on $69,284 to close, and return on cash invested stands at 23.28% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 121% and total cumulative return in cash at $83,834. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.33 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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