205 3rd St EHermanMN56248
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.26% yield at 205 3rd St E, Herman, MN, 56248 in Herman is solid, but the $461/mo payment compresses net cash flow to $151/mo at $102,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $28,319 by year five, and $944/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.72) without U.S. income documentation. Total projected return: $48,622.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $151 | $350 |
City averages based on Herman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $791 |
| Total Monthly Debt Service | $599 |
| DSCR Ratio | 1.32x |
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 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56248, Herman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 260 (66.7%) |
| Renter Occupied HU | 62 (15.9%) |
| Vacant Housing Units | 68 (17.4%) |
| Median Home Value | $259,434 |
| Average Home Value | $337,221 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
194
Multi-Family
29
Businesses
37
Nearby investment properties with comparable rents
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 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56248, Herman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 260 (66.7%) |
| Renter Occupied HU | 62 (15.9%) |
| Vacant Housing Units | 68 (17.4%) |
| Median Home Value | $259,434 |
| Average Home Value | $337,221 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
194
Multi-Family
29
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices