204 W 3rd StHillsMN56138
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 204 W 3rd St, Hills, MN, 56138 in Hills fits: $194,900, 0% gross yield, and a projected 5% annual appreciation rate adding $53,847 in value within five years. Rental yield 0%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.00) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 5.5% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Hills market data in our database. Property projections are estimates.
Single Family
Built in 1959
10,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56138, Hills, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 391 (100%) |
| Owner Occupied HU | 273 (69.8%) |
| Renter Occupied HU | 68 (17.4%) |
| Vacant Housing Units | 50 (12.8%) |
| Median Home Value | $231,522 |
| Average Home Value | $271,255 |
Housing Distribution
Address Breakdown
Residential
303
Single Family
281
Multi-Family
22
Businesses
28
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1959
10,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56138, Hills, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 391 (100%) |
| Owner Occupied HU | 273 (69.8%) |
| Renter Occupied HU | 68 (17.4%) |
| Vacant Housing Units | 50 (12.8%) |
| Median Home Value | $231,522 |
| Average Home Value | $271,255 |
Housing Distribution
Address Breakdown
Residential
303
Single Family
281
Multi-Family
22
Businesses
28
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Keith Elbers • Real Estate Retrievers
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22502399
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