809 Circle DrWellsMN56097
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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 809 Circle Dr, Wells, MN, 56097 priced at $289,500 converts $2,352/mo rent into $544/mo cash flow after a $1,417/mo obligation. Total monthly income equals $2,352/mo, and annual cash flow totals $6,530/yr on $95,969 invested. Return on cash invested prints 26.71% in year one, and rental yield reads 9.75% against a $289,500 entry. Equity gained on principal adds $1,868/yr, while 5% annual appreciation compiles into $79,984 by year five. Five-year ROI reaches 139.45% and total cumulative return in cash sums $133,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,352/mo property income covering a $1,417/mo payment, not borrower’s personal income.
Single Family
Built in 1976
10,018 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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