842 Western AveMadisonMN56256
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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 Madison at 842 Western Ave, Madison, MN, 56256 offers $1,550/mo rent that, after a $1,444/mo payment. Total monthly income is $1,550/mo. Return on cash invested measures 16.32% in year one, and rental yield stands at 6.31% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 83.69% and total cumulative return in cash reaches $81,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,550/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56256, Madison, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,367 (100%) |
| Owner Occupied HU | 920 (67.3%) |
| Renter Occupied HU | 247 (18.1%) |
| Vacant Housing Units | 200 (14.6%) |
| Median Home Value | $162,264 |
| Average Home Value | $223,136 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,082
Multi-Family
105
Businesses
136
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