200 Griffin Ave NEHutchinsonMN55350
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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
Rental property for sale in Hutchinson at 200 Griffin Ave NE, Hutchinson, MN, 55350 priced at $280,000 pairs $1,200/mo rent with after a $1,370/mo payment. Total monthly income equals $1,200/mo. Return on cash invested is 12.82% in year one, and rental yield stands at 5.14% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 64.9% and total cumulative return in cash reaches $60,237. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
6,577 sqft 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: Danielle Betker • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6814179