1623 Hidden TrlMayerMN55360
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
Rental property for sale in Mayer at 1623 Hidden Trl, Mayer, MN, 55360 offers $3,058/mo rent that, after a $1,659/mo payment, leaves $941/mo cash flow. Total monthly income is $3,058/mo, and annual cash flow is $11,296/yr on $112,379 cash. Return on cash invested measures 29.96% in year one, and rental yield stands at 10.82% at a $339,000 entry. Equity gained on principal adds $2,188/yr while 5% annual appreciation compounds into $93,659 by year five. Five-year ROI records 156.83% and total cumulative return in cash reaches $176,248. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,058/mo property income versus a $1,659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55360, Mayer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 1,107 (90.5%) |
| Renter Occupied HU | 86 ( 7.0%) |
| Vacant Housing Units | 30 ( 2.5%) |
| Median Home Value | $355,043 |
| Average Home Value | $409,779 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,170
Multi-Family
10
Businesses
56
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Nearby investment properties with comparable prices
Listed by: The Herrmann Team • HomeAvenue Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6720092
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