17304 Major AveHutchinsonMN55350
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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 Hutchinson at 17304 Major Ave, Hutchinson, MN, 55350 earns from $2,405/mo rent with a $2,007/mo payment. Total monthly income totals $2,405/mo. ROI tracks 18.54% on current figures, and rental yield reads 7.04% at a $410,000 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 over five years. Five-year ROI reaches 95.56% and total cumulative return in cash sums $129,875. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,405/mo property income instead of your personal income.
Single Family
Built in 1967
5.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55350, Hutchinson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,208 (100%) |
| Owner Occupied HU | 5,582 (68.0%) |
| Renter Occupied HU | 2,180 (26.6%) |
| Vacant Housing Units | 446 ( 5.4%) |
| Median Home Value | $272,982 |
| Average Home Value | $310,490 |
Housing Distribution
Address Breakdown
Residential
8,440
Single Family
6,723
Multi-Family
1,717
Businesses
742
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Listed by: Zachary M. Baum • Hometown Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6742086