103 Arkansas AveHoffmanMN56339
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
Investment property for sale in Hoffman at 103 Arkansas Ave, Hoffman, MN, 56339 offers a 11.04% rental yield on a $164,900 purchase with $1,517/mo rent. Total monthly income registers $1,517/mo, and a $807/mo payment leaves $487/mo available for distribution. Annual cash flow reaches $5,849/yr on $54,664 to close, and return on cash invested stands at 30.61% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 160.35% and total cumulative return in cash at $87,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,517/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56339, Hoffman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 315 (58.3%) |
| Renter Occupied HU | 101 (18.7%) |
| Vacant Housing Units | 124 (23.0%) |
| Median Home Value | $211,184 |
| Average Home Value | $291,730 |
Housing Distribution
Address Breakdown
Residential
379
Single Family
330
Multi-Family
49
Businesses
36
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