762 4th Ave SWWellsMN56097
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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 Wells at 762 4th Ave SW, Wells, MN, 56097 generates $1,072/mo in rent and, after a $661/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,072/mo, and annual cash flow is $2,745/yr on $44,753 invested. Return on cash invested sits at 26.04% in year one, and rental yield is 9.53% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 135.84% and total cumulative return in cash sums $60,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,072/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
7,405 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
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