117 Tower RdHovlandMN55606
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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 Hovland at 117 Tower Rd, Hovland, MN, 55606 with 5% annual appreciation on a $249,000 basis while $0/mo rent supports operations. 7% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
5.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55606, Hovland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 340 (100%) |
| Owner Occupied HU | 94 (27.6%) |
| Renter Occupied HU | 22 ( 6.5%) |
| Vacant Housing Units | 224 (65.9%) |
| Median Home Value | $368,750 |
| Average Home Value | $445,106 |
Housing Distribution
Address Breakdown
Residential
54
Single Family
54
Multi-Family
0
Businesses
8
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No similar rental properties found nearby.
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Listed by: Jacob Patten • Red Pine Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120291
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.