751 Main StWabassoMN56293
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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 Wabasso at 751 Main St, Wabasso, MN, 56293 uses $45,581 cash to close to unlock $2,897/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,100/mo, and a $673/mo payment keeps the spread at $241/mo. Purchase price stands at $137,500, and rental yield measures 9.6% with $1,100/mo rent. Return on cash invested shows 26.26% in year one, and 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 137.07% and total cumulative return in cash records $62,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,100/mo property income covering a $673/mo payment rather than investor’s personal income.
Single Family
Built in 1929
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56293, Wabasso, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 529 (100%) |
| Owner Occupied HU | 402 (76.0%) |
| Renter Occupied HU | 91 (17.2%) |
| Vacant Housing Units | 36 ( 6.8%) |
| Median Home Value | $210,256 |
| Average Home Value | $261,604 |
Housing Distribution
Address Breakdown
Residential
450
Single Family
411
Multi-Family
39
Businesses
43
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