144 Hedman LnMonticelloMN55362
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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
Rental property for sale in Monticello at 144 Hedman Ln, Monticello, MN, 55362 priced at $359,900 converts $2,506/mo rent into $258/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,506/mo, and annual cash flow totals $3,098/yr on $119,307 invested. Return on cash invested prints 22.51% in year one, and rental yield reads 8.36% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 116.87% and total cumulative return in cash sums $139,430. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,506/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55362, Monticello, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,276 (100%) |
| Owner Occupied HU | 6,225 (75.2%) |
| Renter Occupied HU | 1,750 (21.1%) |
| Vacant Housing Units | 301 ( 3.6%) |
| Median Home Value | $358,209 |
| Average Home Value | $406,696 |
Housing Distribution
Address Breakdown
Residential
8,051
Single Family
6,827
Multi-Family
1,224
Businesses
606
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Listed by: Erica Quamme • Legacy Home Group MN LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002617