205 3rd St EHermanMN56248
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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 Herman at 205 3rd St E, Herman, MN, 56248 generates $791/mo in rent and, after a $502/mo payment, leaves $151/mo in cash flow. Total monthly income is $791/mo, and annual cash flow is $1,807/yr on $33,979 invested. Return on cash invested sits at 25.23% in year one, and rental yield is 9.26% on a $102,500 entry. Equity gained on principal adds $661/yr, while 5% annual appreciation builds toward $28,319 over five years. Five-year ROI reaches 131.51% and total cumulative return in cash sums $44,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $791/mo property income rather than buyer’s personal income.
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
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