880 Pine StWabassoMN56293
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 Wabasso at 880 Pine St, Wabasso, MN, 56293 priced at $115,000 converts $880/mo rent into $162/mo cash flow after a $563/mo obligation. Total monthly income equals $880/mo, and annual cash flow totals $1,941/yr on $38,123 invested. Return on cash invested prints 25% in year one, and rental yield reads 9.18% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 130.28% and total cumulative return in cash sums $49,665. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $880/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56293, Wabasso, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 529 (100%) |
| Owner Occupied HU | 402 (76.0%) |
| Renter Occupied HU | 91 (17.2%) |
| Vacant Housing Units | 36 ( 6.8%) |
| Median Home Value | $210,256 |
| Average Home Value | $261,604 |
Housing Distribution
Address Breakdown
Residential
450
Single Family
411
Multi-Family
39
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices