10721 Settlers Ln NHanoverMN55341
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 10721 Settlers Ln N, Hanover, MN, 55341 in Hanover speaks for itself: 10.28% gross on a $475,000 price, generating $4,070/mo in rent and $778/mo in net income after the $2,136/mo debt service. DSCR 1.91, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,332 stacks alongside $131,234 in projected five-year appreciation and $4,375/yr in principal reduction. Projected total cumulative return: $231,686.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.2% |
| Monthly Cash Flow | $778 | $950 |
City averages based on Hanover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,070 |
| Total Monthly Debt Service | $3,104 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2018
3,049 sqft lot
$N/A/sqft
$310 monthly 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
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
Townhouse
Built in 2018
3,049 sqft lot
$N/A/sqft
$310 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices