722 Lincoln Ave 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
Rental property for sale in Wadena at 722 Lincoln Ave SE, Wadena, MN, 56482 priced at $325,000 converts $2,525/mo rent into $495/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,525/mo, and annual cash flow totals $5,943/yr on $107,738 invested. Return on cash invested prints 25.43% in year one, and rental yield reads 9.32% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 132.52% and total cumulative return in cash sums $142,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,525/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.27 Acres 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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