724 5th St WWabashaMN55981
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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 Wabasha at 724 5th St W, Wabasha, MN, 55981 generates $1,241/mo in rent, after a $1,223/mo payment. Total monthly income is $1,241/mo. Return on cash invested sits at 15.28% in year one, and rental yield is 5.96% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 78.11% and total cumulative return in cash sums $64,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,241/mo property income rather than buyer’s personal income.
Multi Family
Built in 1975
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55981, Wabasha, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,333 (100%) |
| Owner Occupied HU | 1,460 (62.6%) |
| Renter Occupied HU | 450 (19.3%) |
| Vacant Housing Units | 423 (18.1%) |
| Median Home Value | $279,518 |
| Average Home Value | $344,623 |
Housing Distribution
Address Breakdown
Residential
2,016
Single Family
1,837
Multi-Family
179
Businesses
193
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