204 3rd St SEHinckleyMN55037
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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 Hinckley at 204 3rd St SE, Hinckley, MN, 55037 earns $348/mo cash flow from $1,596/mo rent with a $978/mo payment. Total monthly income totals $1,596/mo, and annual cash flow totals $4,178/yr on $66,267 capital. ROI tracks 26.21% on current figures, and rental yield reads 9.58% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 136.79% and total cumulative return in cash sums $90,649. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,596/mo property income instead of your personal income.
Single Family
Built in 1918
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55037, Hinckley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,575 (100%) |
| Owner Occupied HU | 1,512 (42.3%) |
| Renter Occupied HU | 570 (15.9%) |
| Vacant Housing Units | 1,493 (41.8%) |
| Median Home Value | $264,835 |
| Average Home Value | $326,230 |
Housing Distribution
Address Breakdown
Residential
2,067
Single Family
1,924
Multi-Family
143
Businesses
141
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