76 4th Ave EWood LakeMN56297
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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 Wood Lake at 76 4th Ave E, Wood Lake, MN, 56297 uses $59,670 cash to close to unlock $2,280/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,314/mo, and a $881/mo payment keeps the spread at $190/mo. Purchase price stands at $180,000, and rental yield measures 8.76% with $1,314/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 123.41% and total cumulative return in cash records $73,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,314/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1905
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56297, Wood Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 361 (100%) |
| Owner Occupied HU | 289 (80.1%) |
| Renter Occupied HU | 42 (11.6%) |
| Vacant Housing Units | 30 ( 8.3%) |
| Median Home Value | $195,673 |
| Average Home Value | $252,491 |
Housing Distribution
Address Breakdown
Residential
181
Single Family
181
Multi-Family
0
Businesses
22
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