15392 Farnham Ave NHugoMN55038
INVESTMENT ANALYSIS
Investment Verdict
Solid Income15392 Farnham Ave N, Hugo, MN, 55038 in Hugo is a solid income-producing rental, 9.73% gross yield, $2,429/mo rent, $559/mo net cash flow on a $299,500 buy. DSCR 1.71 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $82,746 and $2,511/yr in principal reduction project a total cumulative return of $143,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.3% |
| Monthly Cash Flow | $559 | $1,200 |
City averages based on Hugo market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,429 |
| Total Monthly Debt Service | $1,824 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2006
2,395 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55038, Hugo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,055 (100%) |
| Owner Occupied HU | 8,931 (88.8%) |
| Renter Occupied HU | 868 ( 8.6%) |
| Vacant Housing Units | 256 ( 2.5%) |
| Median Home Value | $484,067 |
| Average Home Value | $520,211 |
Housing Distribution
Address Breakdown
Residential
9,910
Single Family
9,782
Multi-Family
128
Businesses
380
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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
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