742 2nd Ave SWWellsMN56097
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wells at 742 2nd Ave SW, Wells, MN, 56097 priced at $189,900 converts $1,878/mo rent into $688/mo cash flow after a $929/mo obligation. Total monthly income equals $1,878/mo, and annual cash flow totals $8,251/yr on $62,952 invested. Return on cash invested prints 33.02% in year one, and rental yield reads 11.87% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 173.26% and total cumulative return in cash sums $109,073. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,878/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1899
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56097, Wells, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 1,187 (71.0%) |
| Renter Occupied HU | 321 (19.2%) |
| Vacant Housing Units | 163 ( 9.8%) |
| Median Home Value | $166,696 |
| Average Home Value | $248,711 |
Housing Distribution
Address Breakdown
Residential
1,542
Single Family
1,462
Multi-Family
80
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristine Jensen • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7037853
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-06-23 09:45:48 PDT