113 Iowa AveHoffmanMN56339
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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 Hoffman at 113 Iowa Ave, Hoffman, MN, 56339 priced at $169,000 converts $1,602/mo rent into $547/mo cash flow after a $827/mo obligation. Total monthly income equals $1,602/mo, and annual cash flow totals $6,562/yr on $56,024 invested. Return on cash invested prints 31.62% in year one, and rental yield reads 11.38% against a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation compiles into $46,692 by year five. Five-year ROI reaches 165.71% and total cumulative return in cash sums $92,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,602/mo property income covering a $827/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.34 Acres 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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