815 Cologne LnWaverlyMN55390
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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 Waverly at 815 Cologne Ln, Waverly, MN, 55390 priced at $325,600 converts $2,788/mo rent into $754/mo cash flow after a $1,594/mo obligation. Total monthly income equals $2,788/mo, and annual cash flow totals $9,047/yr on $107,936 invested. Return on cash invested prints 28.29% in year one, and rental yield reads 10.28% against a $325,600 entry. Equity gained on principal adds $2,101/yr, while 5% annual appreciation compiles into $89,957 by year five. Five-year ROI reaches 147.86% and total cumulative return in cash sums $159,597. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,788/mo property income covering a $1,594/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55390, Waverly, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,413 (100%) |
| Owner Occupied HU | 1,141 (80.8%) |
| Renter Occupied HU | 150 (10.6%) |
| Vacant Housing Units | 122 ( 8.6%) |
| Median Home Value | $391,667 |
| Average Home Value | $424,060 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,149
Multi-Family
18
Businesses
44
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