1063 Ashbury Ln NEHanoverMN55341
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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 Hanover at 1063 Ashbury Ln NE, Hanover, MN, 55341 uses $148,379 cash to close to unlock $11,937/yr annual cash flow and $995/mo monthly cash flow. Total monthly income runs $3,790/mo, and a $2,191/mo payment keeps the spread at $995/mo. Purchase price stands at $447,600, and rental yield measures 10.16% with $3,790/mo rent. Return on cash invested shows 27.95% in year one, and 5% annual appreciation builds toward $123,664 over five years. Five-year ROI reaches 146.06% and total cumulative return in cash records $216,716. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,790/mo property income covering a $2,191/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55341, Hanover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 1,273 (91.5%) |
| Renter Occupied HU | 101 ( 7.3%) |
| Vacant Housing Units | 18 ( 1.3%) |
| Median Home Value | $441,304 |
| Average Home Value | $476,416 |
Housing Distribution
Address Breakdown
Residential
1,271
Single Family
1,267
Multi-Family
4
Businesses
78
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