203 N 6th StHendersonMN56044
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 203 N 6th St, Henderson, MN, 56044 in Henderson. At $149,900 it earns $1,169/mo in rent and distributes $233/mo to the owner after the $674/mo payment, a consistent 9.36% yield. DSCR 1.73 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $41,415 in value; $1,381/yr in principal paydown compounds ownership stake. Total projected return: $71,879.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $233 | $350 |
City averages based on Henderson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,169 |
| Total Monthly Debt Service | $876 |
| 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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56044, Henderson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 875 (100%) |
| Owner Occupied HU | 670 (76.6%) |
| Renter Occupied HU | 146 (16.7%) |
| Vacant Housing Units | 59 ( 6.7%) |
| Median Home Value | $360,870 |
| Average Home Value | $410,675 |
Housing Distribution
Address Breakdown
Residential
629
Single Family
585
Multi-Family
44
Businesses
73
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56044, Henderson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 875 (100%) |
| Owner Occupied HU | 670 (76.6%) |
| Renter Occupied HU | 146 (16.7%) |
| Vacant Housing Units | 59 ( 6.7%) |
| Median Home Value | $360,870 |
| Average Home Value | $410,675 |
Housing Distribution
Address Breakdown
Residential
629
Single Family
585
Multi-Family
44
Businesses
73
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.