890 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
Investment property for sale in Wanamingo at 890 Tall Grass Ct, Wanamingo, MN, 55983 with 5% annual appreciation on a $249,900 basis while $2,063/mo rent supports operations. Total monthly income totals $2,063/mo and a $1,223/mo payment preserves $503/mo for cash returns. Annual cash flow comes to $6,032/yr on $82,842 deployed, and return on cash invested reaches 27.19% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 9.91%. Five-year ROI measures 141.96% and total cumulative return in cash totals $117,602.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,063/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
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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