888 Tall Grass CtWanamingoMN55983
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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 Wanamingo at 888 Tall Grass Ct, Wanamingo, MN, 55983 priced at $280,000 converts $2,093/mo rent into $345/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,093/mo, and annual cash flow totals $4,140/yr on $92,820 invested. Return on cash invested prints 24.37% in year one, and rental yield reads 8.97% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 126.82% and total cumulative return in cash sums $117,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,093/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Townhouse
Built in 2021
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55983, Wanamingo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 507 (73.9%) |
| Renter Occupied HU | 117 (17.1%) |
| Vacant Housing Units | 62 ( 9.0%) |
| Median Home Value | $318,000 |
| Average Home Value | $358,787 |
Housing Distribution
Address Breakdown
Residential
608
Single Family
558
Multi-Family
50
Businesses
68
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