17024 County Road 5HoffmanMN56339
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 17024 County Road 5, Hoffman, MN, 56339 in Hoffman is capital appreciation. Rental yield 3.89%. The 3.89% gross yield at $599,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $165,741 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.72) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $111,600.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 7.1% |
| Monthly Cash Flow | $(1,803) | $850 |
City averages based on Hoffman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,943 |
| Total Monthly Debt Service | $3,507 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1913
13.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56339, Hoffman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 315 (58.3%) |
| Renter Occupied HU | 101 (18.7%) |
| Vacant Housing Units | 124 (23.0%) |
| Median Home Value | $211,184 |
| Average Home Value | $291,730 |
Housing Distribution
Address Breakdown
Residential
379
Single Family
330
Multi-Family
49
Businesses
36
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
Single Family
Built in 1913
13.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56339, Hoffman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 315 (58.3%) |
| Renter Occupied HU | 101 (18.7%) |
| Vacant Housing Units | 124 (23.0%) |
| Median Home Value | $211,184 |
| Average Home Value | $291,730 |
Housing Distribution
Address Breakdown
Residential
379
Single Family
330
Multi-Family
49
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices