836 Milligan AveWabashaMN55981
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wabasha at 836 Milligan Ave, Wabasha, MN, 55981 generates $2,205/mo in rent and, after a $1,052/mo payment, leaves $863/mo in cash flow. Total monthly income is $2,205/mo, and annual cash flow is $10,353/yr on $71,273 invested. Return on cash invested sits at 34.43% in year one, and rental yield is 12.31% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 180.81% and total cumulative return in cash sums $128,869. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,205/mo property income rather than buyer’s personal income.
Single Family
Built in 1891
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55981, Wabasha, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,333 (100%) |
| Owner Occupied HU | 1,460 (62.6%) |
| Renter Occupied HU | 450 (19.3%) |
| Vacant Housing Units | 423 (18.1%) |
| Median Home Value | $279,518 |
| Average Home Value | $344,623 |
Housing Distribution
Address Breakdown
Residential
2,016
Single Family
1,837
Multi-Family
179
Businesses
193
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Nearby investment properties with comparable prices
Listed by: Megan Hager • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6728591
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