114 2nd St SEHallockMN56728
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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 Hallock at 114 2nd St SE, Hallock, MN, 56728 generates $0/mo in rent, after a $1,419/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.7% in year one, and rental yield is 0% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Condo
Built in 1939
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56728, Hallock, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 668 (100%) |
| Owner Occupied HU | 416 (62.3%) |
| Renter Occupied HU | 141 (21.1%) |
| Vacant Housing Units | 111 (16.6%) |
| Median Home Value | $185,135 |
| Average Home Value | $252,067 |
Housing Distribution
Address Breakdown
Residential
383
Single Family
326
Multi-Family
57
Businesses
100
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No similar rental properties found nearby.
Nearby investment properties with comparable prices