11639 5th St SEHanoverMN55341
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 Hanover at 11639 5th St SE, Hanover, MN, 55341 offers a 8.13% rental yield on a $564,900 purchase with $3,826/mo rent. Total monthly income registers $3,826/mo, and a $2,765/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,581/yr on $185,852 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $3,645/yr while 5% annual appreciation supports $156,071 over five years. Portfolio math shows five-year ROI at 114.04% and total cumulative return in cash at $211,940. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,826/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,147 sqft 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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Nearby investment properties with comparable prices
Listed by: Josh A Pomerleau • JPW Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6595918
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