801 Aspen CirWaite ParkMN56387
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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 Waite Park at 801 Aspen Cir, Waite Park, MN, 56387 priced at $239,900 converts $1,655/mo rent into $157/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,655/mo, and annual cash flow totals $1,886/yr on $79,527 invested. Return on cash invested prints 22.28% in year one, and rental yield reads 8.28% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 115.68% and total cumulative return in cash sums $91,999. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,655/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1999
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56387, Waite Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,496 (100%) |
| Owner Occupied HU | 1,452 (41.5%) |
| Renter Occupied HU | 1,887 (54.0%) |
| Vacant Housing Units | 157 ( 4.5%) |
| Median Home Value | $295,545 |
| Average Home Value | $330,418 |
Housing Distribution
Address Breakdown
Residential
3,519
Single Family
1,722
Multi-Family
1,797
Businesses
598
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Listed by: Kimberly Priglmeier • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6816337